"Trump's suit, filed Thursday, claimed that JPMorgan's "woke beliefs" led the company to distance itself from Trump and his "conservative political views," - an allegation Trump has maintained since the bank closed his accounts following the Jan. 6 Capitol riot. The other side: JPMorgan Chase told Axios it believes Trump's suit has "no merit," and that it will fight the allegations in court."
""We have been asking both this Administration and prior administrations to change the rules and regulations that put us in this position." "We support the Administration's efforts to prevent the weaponization of the banking sector." Catch up quick: Trump in August signed an executive order moving to punish banks if they are believed to be discriminating against political conservatives. Trump on CNBC said of JPMorgan:"
Donald Trump filed a lawsuit seeking up to $5 billion, alleging JPMorgan Chase and CEO Jamie Dimon improperly cut him off from financial services after Jan. 6. The suit claims JPMorgan's "woke beliefs" and opposition to his conservative views motivated the bank to distance itself and placed him and his businesses on a purported "blacklist." JPMorgan says the lawsuit has "no merit," denies closing accounts for political reasons, and contends accounts are closed only when legal or regulatory risk exists. A bank spokesperson urged regulatory changes to avoid being put in such positions. Trump previously signed an executive order targeting perceived political discrimination by banks.
Read at Axios
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