US EditionTrump Sues JPMorgan, Jamie Dimon for $5 Billion Over Alleged 'Political' Debanking
Trump alleges JPMorgan closed his accounts in early 2021 due to political bias, causing financial and reputational harm, and seeks $5 billion in damages.
- On Jan 22, 2026, President Donald Trump filed a $5 billion lawsuit in Miami‑Dade County state court against JPMorgan Chase and CEO Jamie Dimon, alleging political debanking after he left office.
- Weeks after Jan. 6, 2021, the complaint says JPMorgan notified Trump on Feb. 19, 2021 that several accounts of the Trump Organization and affiliated hospitality companies would close with 60 days' notice.
- The complaint alleges libel, deceptive trade practices and breach of implied covenant, and Trump's lawyers say JPMorgan caused financial losses and reputational harm by forcing the Trump Organization to open accounts elsewhere.
- The bank said it does not close accounts for political reasons and believes the suit has no merit, vowing to defend itself in court.
- The filing arrives amid OCC scrutiny of debanking, with an OCC preliminary report finding early evidence involving nine major banks and follows Trump's executive actions on debanking.
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Good morning! Donald Trump has filed several lawsuits against people and institutions in his lifetime, usually resulting in substantial damages...
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Trump sues JPMorgan for USD 5 billion, alleges bank shut his accounts over political vendetta
US President Donald Trump has taken on banking giant JPMorgan Chase and its CEO Jamie Dimon with a massive USD 5 billion lawsuit. Filed in a Miami-Dade County court, the suit alleges the bank abruptly shut down several of his and his businesses' accounts shortly after he left office in January 2021. According to Trump, this sudden move left him financially stranded and scrambling to open new accounts elsewhere. Charges of political bias Trump's …
Donald Trump has sued the largest US bank and its boss. JP Morgan has closed accounts of him and his hotel businesses for politically motivated reasons.
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