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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWhat are the odds Jamie Dimon and JP Morgan
Can afford good lawyers to defend against Trump's lawsuit. Where is the banks evidence Trump is a bad bet? I mean, there is all that evidence presented in New York. Then all the evidence beyond the scope of that case . . .
LOL, please, let the bank fight this case and not settle. It should be epic in court. Common Jamie don't chicken out.
leftieNanner
(16,132 posts)JustAnotherGen
(37,771 posts)Chase is fighting it.
allegorical oracle
(6,323 posts)after the Jan. 6 insurrection.
(Source: BBC)
A JPMorgan Chase spokesperson said "the suit has no merit"." "JPMC does not close accounts for political or religious reasons."
"We do close accounts because they create legal or regulatory risk for the company," the bank added in a statement.
https://www.msn.com/en-us/news/world/trump-sues-jpmorgan-for-5bn-over-account-closure-after-capitol-riot/ar-AA1ULrUi
LetMyPeopleVote
(176,745 posts)Youre not allowed to do what they did, the president said of the banking giant, making a claim thats difficult to take seriously.
After Jan 6, JPMorgan Chase saw a scandal-plagued politician with a history of bankruptcies and business failures taking dangerous steps to overturn an election. It effectively said, âLet's not do business with this guy anymore.â
— Steve Benen (@stevebenen.com) 2026-01-23T20:34:48.092Z
Five years later, Trump decided this entitles him to billion.
https://www.ms.now/rachel-maddow-show/maddowblog/trump-jpmorgan-chase-suit-jamie-dimon
This week, he went even further. My MS NOW colleague Erum Salam reported:
President Donald Trump on Thursday sued JPMorgan Chase and its CEO, Jamie Dimon, for closing his accounts five years ago and allegedly putting him and his family on a blacklist.
The lawsuit centers on the banking giants closure of several accounts linked to Trump in the wake of the Jan. 6, 2021, attacks on the U.S. Capitol by a mob of MAGA supporters. Trump is seeking at least $5 billion in damages.
In the complaint, filed in Miami-Dade County, Florida, the president alleged, among other things, that JPMorgan Chase engaged in debanking after Trumps role in the assault on the Capitol, as part of the banks woke beliefs.....
That position seems likely to prevail. Trumps argument, in a nutshell, is that JPMorgan Chase saw a scandal-plagued politician with a history of bankruptcies and business failures taking dangerous steps to remain in office after he lost an election. At that point, the bank effectively said, Maybe we shouldnt be doing business with this guy.
Five years later, Trump decided that this conclusion was woke and that it entitles him to at least $5 billion in damages.
Its difficult to say why exactly the president waited five years to file this civil suit, though its worth noting for context that Jamie Dimon, the banks CEO (who is also a defendant in the case), said in November that he wouldnt donate to Trumps White House ballroom vanity project.
