Trump sues JPMorgan and Jamie Dimon for $5 billion over alleged 2021 debanking
Former President Donald Trump filed a Miami state-court suit alleging JPMorgan cut off services to him and his businesses after Jan. 6.
Donald J. Trump filed a lawsuit in Miami state court seeking at least $5 billion in damages against JPMorgan Chase & Co. and its CEO Jamie Dimon, alleging the bank cut off financial services to him and his businesses for political reasons following Jan. 6, 2021 [1][2][3].
The complaint raises claims including trade libel and breach of an implied duty to act in good faith and accuses JPMorgan and Dimon of effectively weaponizing the banking system against Trump; the suit was filed Thursday and seeks monetary relief of no less than $5 billion [2][1][4].
The filing revives broader criticisms from some quarters that banks restrict access to services for political or reputational reasons—criticisms compared by some observers to a renewed 'Operation Chokepoint'—and the case is now pending in state court [4][3][1].
The lawsuit was filed in Miami and the matter remains before the court; no final determination has been reported yet [1].
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Citations
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- 1Trump files $5 billion lawsuit against JPMorgan over 2021 debankingCoinDesk• Jan 22, 2026
- 3Trump Takes JPMorgan to Court: $5B Lawsuit Alleges Post-Jan. 6 DebankingCoinpaper• Jan 22, 2026
- 4Trump sues Jamie Dimon, revives ‘Operation Chokepoint 2.0’Protos• Jan 22, 2026
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