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Trump targets JPMorgan with $5B debanking lawsuit

1 min read
Source: Daily Kos
Trump targets JPMorgan with $5B debanking lawsuit
Photo: Daily Kos
TL;DR

President Donald Trump sues JPMorgan Chase and CEO Jamie Dimon for $5 billion, alleging the bank’s decision to close his accounts after Jan. 6 was a politically motivated act of “debanking.” The article notes the bank gave 60 days’ notice, argues there’s no right to a bank of one’s choosing, and points out that Trump has filed similar banking-related suits (including against Capital One). It also highlights Trump’s private attorney Alejandro Brito, who leads other defamation and banking-related suits, framing these actions as pressure tactics against powerful institutions.

Topics:businesspolitics#alejandro-brito#debanking#donald-trump#jan-6-insurrection#jpmorgan-chase#politics
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  1. Trump sues the world's largest bank. Bet that goes well.  Daily Kos
  2. Jamie Dimon is learning what happens when a CEO dares to defy Trump  CNN
  3. Trump sues JPMorgan for $5 billion, alleges the bank closed his accounts for political reasons  AP News
  4. The Message Behind Trump’s Lawsuit Against JPMorgan  The New York Times
  5. The US in Brief: Capital offence  The Economist

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