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Trump sues JPMorgan and its CEO, alleging bank closed his accounts for political reasons

Trump sues JPMorgan and its CEO, alleging bank closed his accounts for political reasons

Summary

President Donald Trump filed a lawsuit against JPMorgan Chase and its CEO. He claims the bank closed his accounts for political reasons after he left office in January 2021.

Key Facts

  • President Trump is suing JPMorgan Chase and CEO Jamie Dimon for $5 billion.
  • The lawsuit was filed in Miami-Dade County court in Florida.
  • Trump alleges JPMorgan closed several of his accounts in February 2021.
  • He claims the accounts were closed with only 60 days notice and no reason given.
  • Trump says this action blocked access to millions of dollars.
  • He also claims that the closures disrupted his business operations.
  • Trump says he had to open new bank accounts urgently.

Source Information