JPMorgan Chase

JPMorgan Chase, a major American bank, is currently newsworthy due to a $5 billion lawsuit filed by former US President Donald Trump. Trump alleges that JPMorgan Chase, led by CEO Jamie Dimon, closed his accounts and those of his businesses for political reasons following the January 6, 2021 Capitol riot, effectively "debanking" him. Trump claims this violated the bank's own policies. Separately, Jamie Dimon's compensation for the past year was disclosed as $43 million, a 10% increase, further highlighting the bank's financial performance and Dimon's prominent position. Dimon also publicly opposed President Trump's proposed credit card interest rate caps, arguing they would restrict credit access for many Americans. The lawsuit and Dimon's stance on economic policy position JPMorgan Chase at the center of political and economic debates in the US.