Story perspectives

Trump Sues JPMorgan for $5 Billion Over Account Closures

1/26/2026

Summary

Story summary

U.S. President Donald Trump filed a $5 billion lawsuit against JPMorgan Chase & Co. and its CEO Jamie Dimon, alleging his accounts closed for political reasons after January 6, 2021.
Trump says the closures disrupted relationships and caused financial and reputational harm.
He accuses JPMorgan Chase & Co. of creating a blacklist that warned banks against doing business with him.
JPMorgan denies wrongdoing, saying closures reflect legal and regulatory risk.

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Story summary

U.S. President Donald Trump filed a $5 billion lawsuit against JPMorgan Chase & Co. and its CEO Jamie Dimon, alleging his accounts closed for political reasons after January 6, 2021.
Trump says the closures disrupted relationships and caused financial and reputational harm.
He accuses JPMorgan Chase & Co. of creating a blacklist that warned banks against doing business with him.
JPMorgan denies wrongdoing, saying closures reflect legal and regulatory risk.