Trump sues JPMorgan for $5 billion, alleges bank closed his accounts for political reasons
AI Summary
Donald Trump is suing JPMorgan Chase and CEO Jamie Dimon for $5 billion, alleging the bank closed his and his businesses' accounts for political reasons after he left office in January 2021. The lawsuit, filed in Miami-Dade County court in Florida, claims JPMorgan abruptly closed multiple accounts in February 2021 with only 60 days' notice and no explanation. Trump argues this action cut him and his businesses off from millions of dollars, disrupting operations and forcing them to urgently find new banking services. The lawsuit alleges JPMorgan believed closing the accounts was politically advantageous at the time. The practice of "debanking," where banks close accounts or refuse services, has become a politically charged issue, with conservatives claiming discrimination by financial institutions.
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This article was automatically classified using rule-based analysis. The political bias score ranges from -1 (far left) to +1 (far right).
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