Article

2026-01-23 Government Corruption

Trump Sues JPMorgan And CEO Jamie Dimon For $5 Billion Over Alleged 'Political' Debanking

[ZH] Lie down with ~~Bidens Dems~~ wake up with lawsuits. Banks need to treat Republicans, Gun manufactures, et al, at least as well as they treat thieving Somali NGOs
President Donald Trump has filed a lawsuit against JPMorgan Chase and its CEO Jamie Dimon, claiming the banking giant debanked him for political reasons.

The lawsuit was filed Thursday morning in a Miami state court by his attorney, Alejandro Brito, on behalf of Trump and several of his hospitality companies.

The complaint cites JPMorgan's code of conduct, which reads: "We set high expectations and hold ourselves accountable. We do the right thing—not necessarily the easy or expedient thing. We abide by the letter and spirit of the laws and regulations everywhere we do business and have zero tolerance for unethical behavior."

According to Brito, "Despite claiming to hold these principles dear, JPMC violated them by unilaterally—and without warning or remedy—terminating several of Plaintiff’s bank accounts."

Trump and his companies have "transacted hundreds of millions of dollars" through the bank, the lawsuit reads, adding that Feb. 19, 2021 was the day that "forever altered the dynamic of the parties’ relationship," when the bank allegedly "without warning or provocation," notified Trump and his companies that several of their bank accounts or were beneficiaries of, "would be closed just two months later, on April 19, 2021."

"JPMC did not provide plaintiffs with any recourse, remedy, or alternative—its decision was final and unequivocal," reads the suit.

As the Epoch Times noted over the weekend, in August 2025, Trump issued an executive order to ensure that banks cannot refuse services to individuals based on their political or religious beliefs, a practice known as “debanking.” A watchdog in December found that nine large U.S. banks actively engaged in the practice between 2020 and 2025.

“To date, the [Office of the Comptroller of the Currency] has observed that between 2020 and 2023, the banks maintained public and nonpublic policies restricting certain industry sectors’ access to banking services,” the report reads. “Many industry sectors were restricted based primarily on how it might appear to the public if the bank provided access to financial services to these sectors.”

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Posted by Frank G 2026-01-23 00:00|| E-Mail|| Front Page|| [1816 views ] Top
File under: Tin Hat Dictators, Presidents for Life, & Kleptocrats

1 at least as well as they treat thieving Somali NGOs

As well as their brother thieves?

Posted by Grom the Affective 2026-01-23 01:35|| 2026-01-23 01:35|| Front Page Top

2 Kill all those waterhead baby mf'ers and take our money back out of their accts. before it can be sent back to Muslim POS.

Posted by chris 2026-01-23 03:50|| 2026-01-23 03:50|| Front Page Top

3 Not sure how he does not win. I would have had Melanie sue. Would have even harder to express a legal criteria to de bank her.

Posted by Super Hose 2026-01-23 13:55|| 2026-01-23 13:55|| Front Page Top

4 Can't banks decide who they want to do business with?

Posted by European Conservative 2026-01-23 14:32|| 2026-01-23 14:32|| Front Page Top

5 What would you think if the banks you and your family use suddenly cut you all off without warning, European Conservative, and no other bank in Europe were willing to step in, because they had all decided among themselves that you were Untermenschen, untouchable?

Posted by trailing wife 2026-01-23 15:04|| 2026-01-23 15:04|| Front Page Top

6 #4 Can't banks decide who they want to do business with?
Posted by European Conservative

Not FDIC insured

Posted by Frank G 2026-01-23 15:29|| 2026-01-23 15:29|| Front Page Top

7 EC is right with regard to the right of free association within the 1st Amendment. One of my roommates in high school was Jewish and let me know that there were still clubs in Palm Beach that would not let his dad join. It blew my mind. The golf club where the Masters doesn’t take women members. They eventually will, to my understanding. They say it’s about rights. Could be. The issue becomes when these companies take public funds and bailouts. Why would I contribute to bailing out JP Morgan if they can de bank me and ruin my life?

Posted by Super Hose 2026-01-23 15:48|| 2026-01-23 15:48|| Front Page Top

8 To JPM’s defense. Federally regulated banks must comply to the OFAC bad guy list. If Trumps name was put on the OFAC bad guy list then JPM must comply with the regulation. That also includes not divulging who is on the list. Trump should be suing Biden Admin for putting political opponents on the list as if they were terrorists.

Posted by Airandee 2026-01-23 16:05|| 2026-01-23 16:05|| Front Page Top

9 If they follow a political hitlist (from Holder, Biden, whomever) without divulging or objecting, then they should begin putting a lot of money in risk mgmt funds for big payouts. You wanna be FDIC insured or not have your name and rep dragged thru the Discovery and litigation mud?

Posted by Frank G 2026-01-23 16:49|| 2026-01-23 16:49|| Front Page Top

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