Trump Sues JPMorgan for $5 Billion Over Debanking Claims

[BumRushDaShow]

Source: Bloomberg

January 22, 2026 at 12:22 PM EST
Updated on January 22, 2026 at 1:12 PM EST


President Donald Trump sued JPMorgan Chase & Co. and its chief executive officer, Jamie Dimon, for at least $5 billion over allegations that the lender stopped offering him and his businesses banking services for political reasons. The complaint, filed Thursday, accuses the bank of trade libel and breach of implied covenant of good faith. It also claims Dimon violated Florida’s deceptive trade practices law. In response, the bank said it doesn’t close accounts for political or religious reasons.

Trump has singled out JPMorgan repeatedly in his push to stamp out what he sees as banks refusing to provide financial services to customers for ideological reasons. JPMorgan closed accounts for Trump and his businesses about seven weeks after the Jan. 6, 2021, assault on the US Capitol by his supporters. Trump was out of office then and his political standing was low.

JPMorgan, the biggest US bank, notified Trump, “without warning or provocation” that it was terminating the company’s accounts, causing significant financial and reputational harm, according to the complaint filed in Miami-Dade County state court. Bloomberg reviewed the complaint, which couldn’t immediately be found in court records.

The bank was motivated by its “woke” beliefs that it “needed to distance itself from President Trump and his conservative political views,” according to the complaint. “In essence, JPMC debanked plaintiffs’ accounts because it believed that the political tide at the moment favored doing so.” JPMorgan said in a statement that the suit has no merit.

Read more: https://www.bloomberg.com/news/articles/2026-01-22/trump-sues-jpmorgan-dimon-for-5-billion-over-alleged-debanking

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No paywall (gift)

[Lovie777]

1. OK, this needs to end....................

I'm sick and tire of this man.

[Attilatheblond]

18. Guessing a LOT of big law firms that capulated to Trump's bullying are now regretting offering free legal work

in hopes he wouldn't hurt them. Wonder how that's working out for them now that they likely spend resources with his endless and worthless law suits.

[GreenWave]

25. Yep. He needs a straight jacket.

[Prairie Gates]

2. JP Morgan and Dimon will throw him some token $75 million to make it go away

Of course, if they had any gumption, they would absolutely go to the mattresses over this, but we've seen that even the "Masters of the Universe" capitalists are inveterate cowards who cave to mafia extortion at every turn.

There has to be a Constitutional amendment preventing the Executive from filing civil lawsuits while in office. It's such a transparent shakedown that one cannot believe it was only prevented by norms of conduct and not statute.

[thought crime]

17. Yet another way trump is acting as a role model for the next Republican president.

[lonely bird]

19. While you are probably right

I hope they counter-sue for $10 Billion. They are under no compulsion to do any business with him. Add in the fraud and they were acting in a responsible manner.

[Javaman]

3. yet another slap suit. hopefully JPM will let this go to discovery. it will then vanish like fart in the wind. nt

[Historic NY]

4. TRump wasn't president then and he was a bad risk

[TexasBushwhacker]

5. Exactly

[Trueblue Texan]

6. If this isn't merely abuse of power...

why didn't TSF sue back when it happened?

[Bengus81]

7. $900B in capitalization....$4 TRILLION in assets. They'll chew you up and spit you out Trump

But hey...go for it. They'll go to court and introduce Epstein files as their reason for tossing you aside.

[FakeNoose]

10. They can definitely reveal skeevy transactions, even if they aren't Epstein-related

BUT Chase also has the goods - at least some of the goods - on Epstein because they let his cash transactions slide for years without writing a single SAR. Banks are supposed to write up Suspicious Activity Reports for any cash transaction over $10 grand. It's assumed those cash deals are likely to be illegal or at least questionable. Banks are required to report them, and Chase never did report any of Epstein's activities for over 10 years.

Then suddenly Epstein got arrested in 2019 and - whoopsie - we have all these SAR's that never got submitted. Here you go Uncle Sam! There's no way to know how many of those SAR's involved transactions with Chump, unless they get released. Like maybe, as evidence in a trial.

[turbinetree]

8. Hey US Supreme Court what do you think now you six lackey........... what do you think of this guy blackmailing everyone

because he is criminal....................but you gave him immunity................doesn't it give you that warm fuzzy feeling..............on your "unitary federalist" bullshit.................... .he gets his depends all twisted up in knots and just sues...

[Buddyzbuddy]

9. NOISE, NOISE, NOISE! EPSTEIN FILES!

Chase demands discovery into the Felon, case is dropped, story is over. NOISE

EPSTEIN FILES

[twodogsbarking]

11. Delay, delay, delay. Then, delay some more.

[JCMach1]

12. TACO can't deal with the discovery related to this...

Just more BS harassment.

[azureblue]

13. More Pedo BS

Another empty threat. Trump always withdraws when the subject of deposition comes up.

[Callie1979]

14. If WE can't sue the President then HE shouldn't be able to sue US.

Until he's out of office.

[Figarosmom]

15. Wouldn't discovery in a case like this

Drag his finances to the surface? Wouldn't Chase have to show his accounts were closed because they were insolvent or bad risk? I'm sure his accounts were a mess and it would be easy for Chase to show the dumped him for more than political reasons merely because he always was overextended and didn't pay his bills.

[Pas-de-Calais]

16. This case will get kicked to the curb

[popsdenver]

20. Hey BRDS need help

About half the time, when I try to get on DU, I get this message:
Even when I can get the opening DU page, about half the time I get the same message when I punch on an article..
Any ideas, or who/how I can contact DU about this???
Hell, I don't even understand their message


Bad Request

Your browser sent a request that this server could not understand.
Size of a request header field exceeds server limit.

[Enter stage left]

21. First question in the discovery phase...

Mr Trump, have you ever been charged with or convicted of bank fraud or doctoring financial records?

Remember, you're under oath!

[BradBo]

22. Trumps handlers are using him for their evil intent.

[JohnnyRingo]

23. What happened to handing over his business to the kids?

He's president of The United States! He's not supposed to sue companies to line his pockets.

[Boo1]

24. He's fishing for a settlement

call his bluff. Let's roll his financial transactions out to public record and see why JP Morgan dropped him.

[no_hypocrisy]

27. Discovery is a beautiful things.

We might be able to see his tax returns that have been withheld for more than a decade.

[no_hypocrisy]

26. If JP Morgan lost money in the past with Trump, or

he plain out stiffed repayment, then I'd say there's a credible track record why they stopped lending him money.

He's acting like the Bank is withholding his money.

Plus, if JPMB lent Trump the money and it was lost, the Bank would be sued by its shareholders.

[BumRushDaShow]

28. One would think after 6 bankrupticies

there would be justification.

[no_hypocrisy]

29. Trump pulled every excuse out of his ass to sue JP Morgan,

except "You didn't lend me money that I won't pay back because I'm White!"

[perdita9]

30. Dance with the Devil and you're going to get scorched!

Personally, I'm thrilled with Trump causing trouble for these billionaire parasites. He is the monster they created.

[SalamanderSleeps]

31. Jamie Dimon is a "real" member of Cafe Society.

Donald Twerpinphuc wishes he could drink Jamie Dimon's bathwater.

Sad, sad, weird little sociopath.

[LetMyPeopleVote]

32. MaddowBlog-The absurd claim at the heart of Trump's suit against JPMorgan Chase

“You’re not allowed to do what they did,” the president said of the banking giant, making a claim that’s difficult to take seriously.

After Jan 6, JPMorgan Chase saw a scandal-plagued politician with a history of bankruptcies and business failures taking dangerous steps to overturn an election. It effectively said, “Let's not do business with this guy anymore.”

Five years later, Trump decided this entitles him to billion.

— Steve Benen (@stevebenen.com) 2026-01-23T20:34:48.092Z

https://www.ms.now/rachel-maddow-show/maddowblog/trump-jpmorgan-chase-suit-jamie-dimon

In fact, last summer the president appeared on CNBC and whined for a quite a while about how banks in general (and JPMorgan Chase in particular) had “discriminated against me very badly.” Around the same time, the Republican signed an executive order that directed federal regulators to investigate banks in search of evidence of political discrimination.

This week, he went even further. My MS NOW colleague Erum Salam reported:

President Donald Trump on Thursday sued JPMorgan Chase and its CEO, Jamie Dimon, for closing his accounts five years ago and allegedly putting him and his family on a ‘blacklist.’

The lawsuit centers on the banking giant’s closure of several accounts linked to Trump in the wake of the Jan. 6, 2021, attacks on the U.S. Capitol by a mob of MAGA supporters. Trump is seeking at least $5 billion in damages.

In the complaint, filed in Miami-Dade County, Florida, the president alleged, among other things, that JPMorgan Chase engaged in “debanking” after Trump’s role in the assault on the Capitol, as part of the bank’s “woke” beliefs.....

That position seems likely to prevail. Trump’s argument, in a nutshell, is that JPMorgan Chase saw a scandal-plagued politician with a history of bankruptcies and business failures taking dangerous steps to remain in office after he lost an election. At that point, the bank effectively said, “Maybe we shouldn’t be doing business with this guy.”

Five years later, Trump decided that this conclusion was “woke” and that it entitles him to at least $5 billion in damages.

It’s difficult to say why exactly the president waited five years to file this civil suit, though it’s worth noting for context that Jamie Dimon, the bank’s CEO (who is also a defendant in the case), said in November that he wouldn’t donate to Trump’s White House ballroom vanity project.