Trump says he'll sue JPMorgan Chase for allegedly cutting him off after US Capitol riot
Source: The Guardian
Sat 17 Jan 2026 14.02 EST
Last modified on Sat 17 Jan 2026 14.48 EST
Donald Trump threatened to sue JPMorgan Chase on Saturday, citing an unsubstantiated allegation that major banks discriminated against him after the 6 January 2021 Capitol riot.
Trump announced the potential lawsuit in a post on social media, tying the threat to his criticism of a recent Wall Street Journal article that reported he had offered the JPMorgan Chase CEO, Jamie Dimon, the position of US Federal Reserve chair. Trump insists the report is inaccurate and says no such offer was ever made.
The president also reiterated his claim that JPMorgan Chase the largest US bank improperly cut off his banking access after the January 6 Capitol attack, without providing evidence. He also did not provide evidence for his often-repeated false claim that the 2020 presidential election was rigged against him.
Ill be suing JPMorgan Chase over the next two weeks for incorrectly and inappropriately DEBANKING me after the January 6th Protest, a protest that turned out to be correct for those doing the protesting The Election was RIGGED! he wrote. Trump has alleged that several banks, including JPMorgan Chase and Bank of America, refused to accept his deposits following the events of 6 January 2021. Both institutions have strongly rejected those accusations.
Read more: https://www.theguardian.com/us-news/2026/jan/17/trump-jp-morgan-chase
azureblue
(2,699 posts)When is someone going to convict him of abuse of process?
nilram
(3,507 posts)At least, for now.
Vinca
(53,555 posts)paleotn
(21,834 posts)What a fucking loser he is.
wolfie001
(7,361 posts)That's perfectly acceptable in my book
Jacson6
(1,834 posts)BTW, Has Trump paid that $88M to his sex assualt victim?
Hey Joe
(495 posts)Jamie Dimon for recently speaking out against some of Tr💩mps actions and venting his concerns about the idiot.
Fuckwit is as transparent as a toddler but makes less sense than one.
Deuxcents
(26,010 posts)Jarqui
(10,860 posts)Letitia James compiled a mountain of evidence for fraud so extensive, Trump's lawyers couldn't muster a credible rebuttal.
Summary judgement on the merits.
Trump had not accurately told the banks his financial situation.
That is not hearsay. It was established in the court documents and evidence.
When the banks got wind of that and as was revealed in the case, they did, they could do what they did - regardless of Jan 6th.
As I vaguely recall, some of them also got wind of his tax problems and there was a large default.
Again, as I vaguely recall, the banks wrote Trump as irregularities came to light. They asked him to respond. Trump didn't.
I'm not his lawyer. Haven't seen his claim. Maybe Trump has a new set of facts I haven't seen. But from what I saw in the Letitia James evidence, he's got a big hill to climb.
msongs
(73,237 posts)FakeNoose
(40,728 posts)Sigh ... it's getting so tiresome with him and his endless threats of lawsuits.
We know this will never happen, because Chump's lawyers will never allow him to be deposed.

dweller
(28,002 posts)Which is real calendar time for Never
✌🏻
Rebl2
(17,527 posts)Thats a word I have never heard before.
Baitball Blogger
(51,896 posts)iemanja
(57,621 posts)Except based on discrimination of race, religion, or gender.
sakabatou
(45,931 posts)Bengus81
(9,967 posts)It's worked most of the time in the last year..........
NotHardly
(2,705 posts)mdbl
(8,277 posts)Buddyzbuddy
(2,318 posts)Something tells me they would have better lawyers than the idiots that would work for you.
Once opposing counsel brings up discovery you'll go scurring back to your now dilapidated Whitehouse and drop the suit as fast as your tiny hands can muster.
JohnnyRingo
(20,634 posts)...but then he wants to walk into a court of law with that bullshit and expect billions of dollars from a bank that saw him as a credit risk after the attempted insurrection?
He it truly deluded. I don't believe he's dumb, I think he is insane.
Rhiannon12866
(252,160 posts)Prairie Gates
(7,547 posts)than to fight and endure nonstop harassment from every agency in the federal government.
Gangster government engaging in personal extortion for the executive's private accounts is despotic monarchy.
Old Crank
(6,767 posts)Is working full time now.
travelingthrulife
(4,813 posts)purr-rat beauty
(1,089 posts)Be great to expose him even more so as a co-conspirator or mastermind of the attack, destruction of the capitol ,terrorizing of our reps, and murdering of fellow magats and officers alike.
eppur_se_muova
(41,302 posts)Any judge should recognize this, and summarily rule this a frivolous lawsuit, plaintiff pays, gavel down.
lonely bird
(2,821 posts)Correct me if I am wrong, they are under no obligation to do any business with him.
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.
