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Donald Trump's Lawsuit Against Jamie Dimon, JPMorgan Chase: What To Know

Donald Trump's Lawsuit Against Jamie Dimon, JPMorgan Chase: What To Know

Summary

President Donald Trump filed a lawsuit against JPMorgan Chase and its CEO, Jamie Dimon, claiming that the bank closed his accounts for political reasons. The lawsuit was submitted in a Miami, Florida court and involves some of Trump's hospitality businesses that previously banked with JPMorgan Chase.

Key Facts

  • President Trump filed the lawsuit in Florida state court in Miami.
  • The lawsuit targets JPMorgan Chase and CEO Jamie Dimon.
  • Trump's accounts with the bank were reportedly closed in February 2021.
  • Trump's legal team believes the account closures were politically motivated.
  • Trump has used JPMorgan Chase's services for years prior to this action.
  • JPMorgan Chase and Trump's legal representative, Alejandro Brito, were contacted for comments.

Source Information