Political Debanking
Search documents
Trump Sues Jamie Dimon And JPMorgan Chase For ‘Political Debanking' After Jan. 6 Riot
Forbes· 2026-01-22 18:05
Core Viewpoint - President Donald Trump has filed a lawsuit against JPMorgan Chase and CEO Jamie Dimon, claiming the bank terminated his accounts for political reasons, seeking at least $5 billion in damages [1][2]. Group 1: Lawsuit Details - The lawsuit was filed in Florida state court and alleges that JPMorgan's actions violated state law prohibiting lenders from disengaging based on political opinions or affiliations [2]. - The lawsuit claims that JPMorgan and Dimon "unlawfully and unjustifiably" placed Trump's name and his entities on a blacklist accessible by regulated banks, which includes individuals and businesses noncompliant with banking rules [3]. Group 2: JPMorgan's Response - JPMorgan stated that the lawsuit "has no merit" and clarified that it does not close accounts for political or religious reasons, but rather due to legal or regulatory risks [1]. - The bank expressed regret over account closures, attributing them to rules and regulatory expectations [1].