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Trump Sues JPMorgan for $5 Billion Over Account Closures

2/21/2026

49 5 Full Breakdown

Summary

Story summary

In February 2021, JPMorgan Chase closed over 50 accounts tied to U.S. President Donald Trump and his businesses after the January 6 attack.
Trump filed a $5 billion lawsuit against JPMorgan Chase, alleging political motives behind the closures and unlawful de-banking.
JPMorgan Chase says it cannot disclose reasons due to privacy laws.
The case is moving from Florida to New York, where the accounts were held.

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Story summary

In February 2021, JPMorgan Chase closed over 50 accounts tied to U.S. President Donald Trump and his businesses after the January 6 attack.
Trump filed a $5 billion lawsuit against JPMorgan Chase, alleging political motives behind the closures and unlawful de-banking.
JPMorgan Chase says it cannot disclose reasons due to privacy laws.
The case is moving from Florida to New York, where the accounts were held.