Trump sues JPMorgan, accusing bank of closing his accounts for political reasons
AI Summary
US President Donald Trump has filed a US$5 billion lawsuit against JPMorgan Chase, alleging that the bank closed his accounts due to political reasons. The complaint claims that JPMorgan violated its own policies by singling out Trump and terminating several of his accounts without warning. Trump had previously stated that he planned to sue JPMorgan for allegedly "debanking" him following the January 6, 2021, attack on the US Capitol. JPMorgan has responded, stating that they respect Trump's right to sue but believe the suit has no merit. The lawsuit was filed in response to JPMorgan's alleged actions, which Trump claims were motivated by a desire to "ride the political tide". The bank had previously boasted about serving customers with respect and upholding its core values.
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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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