Last week I told you President Trump was going to be suing JPMorgan Chase… That report is here in case you missed it: BREAKING: President Trump Announces He Is Suing JPMorgan Chase Now today it's official... And he's suing not only the company, JPMorgan Chase, but also CEO Jamie Dimon -- and suing them for $5 billion! YES! JUSTICE! You cannot simply "debank" people because you don't like them, that's not how our society works! BREAKING: Trump just SUED JPMorgan Chase and CEO Jamie Dimon for $5 billion for debanking and black listing him after January 6th. Go get them!!! ??? pic.twitter.com/c74nIFUGx2 — Libs of TikTok (@libsoftiktok) January 22, 2026 CNBC added these details: President Donald Trump sued JPMorgan Chase and its CEO, Jamie Dimon, on Thursday for closing accounts belonging to Trump and related entities in early 2021, in what the lawsuit calls political actions. The closures came on the heels of the Jan. 6, 2021, riot by Trump supporters at the U.S. Capitol, and Trump exiting the White House later that same month after his electoral loss to former President Joe Biden was confirmed. “He debanked me,” Trump told reporters in Switzerland, when asked about Dimon on Wednesday, hours after his lawsuit was filed in Florida state court in Miami-Dade County. “He shouldn’t be debanking,” Trump said. “It’s so wrong.” “Jamie Dimon is not allowed to do what he did.” JPMorgan on Thursday denied that it closed Trump’s accounts for political reasons and suggested that the closures were due to federal rules and regulations that the bank has been seeking to change during this and prior presidential administrations. Trump and the other plaintiffs in the case, which are business entities related to the president, are seeking at least $5 billion in civil damages. The plaintiffs had been customers of the bank for decades, the suit says. “Plaintiffs are confident that JPMC’s unilateral decision came about as a result of political and social motivations, and JPMC’s unsubstantiated, ‘woke’ beliefs that it needed to distance itself from President Trump and his conservative political views,” the lawsuit alleges. “In essence, JPMC debanked Plaintiffs’ Accounts because it believed that the political tide at the moment favored doing so,” says the suit. The suit says JPMorgan failed to disclose why the bank was terminating the accounts, but that the “plaintiffs have subsequently learned that they were debanked as a result of political discrimination against President Trump, the Trump Organization, its affiliated entities, and/or the Trump family.” The suit does not detail what the plaintiffs learned that substantiated that claim.