Trump sues JPMorgan in Florida, seeks $5 billion over 2021 account closures

President Trump filed a lawsuit in Florida on Jan. 22, 2026, alleging that JPMorgan Chase stopped doing business with him for political reasons after the Jan. 6, 2021, attack on the Capitol and seeking $5 billion in damages. The suit also names JPMorgan chief executive Jamie Dimon as a defendant.

The complaint says JPMorgan notified Mr. Trump in February 2021 that it planned to close his accounts and those of some of his family’s businesses, and it alleges the bank’s decision was the result of “political discrimination.” According to a copy of the lawsuit posted on CNBC, the suit says Mr.

Dimon directed the bank to put Mr. Trump and some of his businesses on a “blacklist” banks use to identify “individuals and entities that have a history of malfeasant acts.” The filing says it is unclear what “blacklist” the suit is referring to. JPMorgan confirmed it had received a copy of the lawsuit and said the decision to close Mr.

Trump’s account was not prompted by politics and that it believed the suit “had no merit.” Patricia Wexler, a JPMorgan spokeswoman, said: “We do close accounts because they create legal or regulatory risk for the company. We regret having to do so, but often rules and regulatory expectations lead us to do so.” The filing comes amid a broader debate over so-called “debanking,” which conservatives and some in the crypto industry have criticized, and follows Mr.

Key Topics

Business, Donald Trump, Jpmorgan Chase, Jamie Dimon, Debanking, Florida Court