Trump sues JPMorgan and CEO Dimon over alleged ‘debanking’

Al JazeeraCenterEN 2 min read 100% complete by By AP and ReutersJanuary 22, 2026 at 08:47 PM

AI Summary

medium article 2 min

In January 2026, Donald Trump sued JPMorgan Chase and CEO Jamie Dimon for $5 billion in Miami-Dade County, Florida. The lawsuit alleges that JPMorgan abruptly closed multiple accounts belonging to Trump and his businesses in February 2021, shortly after he left office. Trump claims this "debanking" disrupted operations and forced him to find new banking services. The lawsuit asserts JPMorgan acted for political reasons, believing it was advantageous to do so. JPMorgan denies the allegations, stating that accounts are closed due to legal or regulatory risks, not political or religious beliefs. The White House has stated that they will refer the matter to the president's outside counsel.

Key Entities & Roles

Key Player Opposition Context

United States 30% Miami-Dade County 40% Florida 40% White House 40% Jamie Dimon 60% JPMorgan Chase ×680% Donald Trump ×690%

Keywords

debanking 100% lawsuit 90% political discrimination 80% jpmorgan chase 70% donald trump 70% financial services 60% political pressure 50% regulatory risk 50% bank accounts 40%

Sentiment Analysis

Neutral

Score: -0.10

Source Transparency

Source

Al Jazeera

Political Lean

Center (0.00)

Far LeftCenterFar Right

Classification Confidence

90%

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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debanking lawsuit political discrimination jpmorgan chase donald trump financial services political pressure regulatory risk bank accounts

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