Debanking Trump has a – steep – price.
President Donald Trump is suing JPMorgan Chase and CEO Jamie Dimon for closing his accounts and those of his companies in early 2021 in a move that the lawsuit calls ‘political actions’.
The lawsuit seeking $5 billion in damages was filed in state court in Miami-Dade County, Florida.
JUST IN: President Trump SUES JPMorgan Chase and CEO Jamie Dimon for $5 BILLION because they de-banked him
BOOM! Major FAFO underway!
The era of de-banking MAGA is OFFICIALLY OVER. pic.twitter.com/2wvzISJYx1
— Eric Daugherty (@EricLDaugh) January 22, 2026
The Telegraph reported:
“The US President has accused the Wall Street giant of unfairly closing his personal bank account and those of his businesses for “woke” reasons in the wake of the January 6 attack on the Capitol.
Mr. Trump’s lawyers claimed JP Morgan ‘needed to distance itself from President Trump and his conservative political views’.”
“’In essence, [JP Morgan] debanked plaintiffs’ accounts because it believed that the political tide at the moment favored doing so’, a lawsuit filed in Miami, Florida, on Thursday stated.
A JP Morgan spokesman said: ‘While we regret President Trump has sued us, we believe the suit has no merit’.”
“Over the weekend, the President warned that legal action was coming. He wrote in a post on Truth Social: ‘I’ll be suing JPMorgan Chase over the next two weeks for incorrectly and inappropriately DEBANKING me after the January 6th Protest, a protest that turned out to be correct for those doing the protesting — The Election was RIGGED!’”
It’s Going Down – Trump SUES Major Bank!
Alina Habba CONFIRMS President Trump will be suing JPMorgan Chase for debanking him in 2021 due to alleged pressure from the Biden Administration:
“No one should be denied financial services due to their religious or political… pic.twitter.com/0H8B3S6tKF
— Conservative Brief (@ConservBrief) January 19, 2026
Read the complete suit:
Trump suing JPM and Dimon by CNBC.com
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