Trump Sues JPMorgan for $5 Billion, Alleges Political Debanking

• Donald Trump filed a $5 billion lawsuit against JPMorgan Chase and CEO Jamie Dimon.
• Trump accuses JPMorgan of closing his accounts due to a political agenda, violating bank policies.
• The lawsuit, filed in a Florida state court in Miami-Dade County, claims the bank singled out Trump to ride the “political tide.”
• JPMorgan denies closing accounts for political reasons and states the lawsuit has no merit.
• Trump also alleges Dimon created a “blacklist” to warn other banks against doing business with the Trump Organization and family.

Why It Matters: Donald Trump is suing JPMorgan Chase for $5 billion, claiming political bias led to his debanking.