JPMorgan Chase Moves to Dismiss Trump Debanking Lawsuit

Core Viewpoint - JPMorgan Chase is seeking to dismiss President Trump's lawsuit alleging that the bank "debanked" him in 2021 and aims to move the case from Florida state court to federal court in Miami and then to New York [1][2] Group 1: Lawsuit Details - Trump filed a lawsuit against JPMorgan Chase and CEO Jamie Dimon on January 22, seeking $5 billion, claiming that the bank terminated his accounts for political reasons, resulting in significant financial and reputational harm [3][7] - The lawsuit alleges that JPMorgan Chase unlawfully published the names of Trump and his businesses on a "blacklist" accessible to other federally regulated banks [7][9] - JPMorgan Chase's lawyers argue that the lawsuit lacks details about the alleged blacklist, including its creation and circulation [8] Group 2: Bank's Position - JPMorgan Chase maintains that it does not close accounts for political or religious reasons, but rather due to legal or regulatory risks [10] - The bank believes the lawsuit has no merit and has publicly stated its position on the matter [9][10]