Trump Sues JPMorgan for $5 Billion, Accusing Bank Of Political Bias
4 days ago
President Donald Trump filed a $5 billion lawsuit against JPMorgan Chase and its CEO Jamie Dimon on Thursday, alleging the bank closed several of his accounts to further a political agenda. Trump also claims Dimon created a “blacklist” to warn other banks against doing business with the Trump Organization, his family members, and Trump himself.
Speaking to reporters on Air Force One, Trump said, “He debanked me, so we'll see if that means anything. But I think it should. You shouldn't be de-banked if you have money and a good company.”
JPMorgan denied targeting Trump for political or religious reasons, saying accounts are closed only if they pose legal or regulatory risks. The bank said it respects Trump’s right to sue but believes the case has no merit. Shares in JPMorgan rose 0.5% Thursday.
Trump has previously criticized other lenders, including Bank of America, over similar allegations and recently called for a 10% cap on credit card interest rates.
Speaking to reporters on Air Force One, Trump said, “He debanked me, so we'll see if that means anything. But I think it should. You shouldn't be de-banked if you have money and a good company.”
JPMorgan denied targeting Trump for political or religious reasons, saying accounts are closed only if they pose legal or regulatory risks. The bank said it respects Trump’s right to sue but believes the case has no merit. Shares in JPMorgan rose 0.5% Thursday.
Trump has previously criticized other lenders, including Bank of America, over similar allegations and recently called for a 10% cap on credit card interest rates.
