Politis

Trump Sues JPMorgan Chase for $5 Billion, Alleging Political Discrimination

Published January 23, 2026, 04:00
Trump Sues JPMorgan Chase for $5 Billion, Alleging Political Discrimination

Donald Trump has filed a $5 billion lawsuit against JPMorgan Chase, accusing the bank of closing his accounts for political reasons shortly after the January 6th, 2021 events. Trump claims the bank violated its code of ethics, as the decision to close his accounts was an attempt to distance the bank from his conservative political views. The lawsuit also targets the bank's CEO, Jamie Dimon. JPMorgan responded that the lawsuit is without merit and that the bank does not close accounts for political reasons, but when there are legal or regulatory risks. JPMorgan's stock saw a rise following the announcement of the lawsuit.