Trump Files $5 Billion Lawsuit Against JPMorgan Over Alleged Debanking
Former President Donald TRUMP has launched a $5 billion lawsuit against JPMorgan Chase in Miami-Dade County court, alleging wrongful termination of accounts tied to his business empire during 2021. The complaint accuses the banking giant of trade libel, breach of good faith, and violations of Florida's deceptive trade practices laws.
JPMorgan maintains the closures followed standard risk assessment protocols, denying political motivations. The case emerges as regulatory scrutiny intensifies around banking access for politically exposed persons. Trump's August executive order targeting 'politicized debanking' now faces its first major legal test.