"President Donald Trump is taking America's biggest bank and its CEO to court. Trump is suing JPMorgan and its CEO, Jamie Dimon, for at least $5 billion over claims of politically motivated debanking on Thursday, making good on his threats from a Truth Social post over the weekend. In a complaint filed in Miami-Dade County state court, Trump accused JPMorgan of trade libel and violating Florida's Unfair and Deceptive Trade Practices Act."
"In a Truth Social post over the weekend, Trump said that he planned to sue JPMorgan for "incorrectly and inappropriately DEBANKING me after the January 6th Protest." Representatives for JPMorgan did not immediately respond to a request for comment. In August, the bank said in a statement to Reuters that it does not close accounts for political reasons."
President Donald Trump filed a lawsuit in Miami-Dade County state court against JPMorgan and CEO Jamie Dimon seeking at least $5 billion, alleging politically motivated debanking after the January 6 protests. The complaint accuses the bank of trade libel and violating Florida's Unfair and Deceptive Trade Practices Act. Trump announced the planned suit on Truth Social, claiming he was "incorrectly and inappropriately DEBANKING me after the January 6th Protest." JPMorgan told Reuters in August that it does not close accounts for political reasons. Trump has previously accused some big banks of denying services to conservatives and signed an executive order targeting "politicized" debanking guidance.
Read at Business Insider
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