Trump Launches Legal Offensive Against Major Banks, Alleging Political Bias
Former President Donald TRUMP has filed lawsuits against JPMorgan, Capital One, Bank of America, and Goldman Sachs, accusing them of politically motivated account closures. The legal action, initiated Thursday, marks an escalation in Trump's longstanding claim that financial institutions discriminate against conservatives.
JPMorgan swiftly denied the allegations, stating the suit lacks merit and reaffirming its policy against political or religious-based account decisions. The bank's response underscores Wall Street's preparedness for a protracted legal battle with the former president.
The conflict extends beyond banking relationships. Trump's lawsuits target high-profile executives including Bank of America's Brian Moynihan and Goldman Sachs' David Solomon, reviving tensions from his presidency. The litigation resurrects Trump's 2018 feud with JPMorgan CEO Jamie Dimon, whose offhand election comment drew lasting ire from the former president.