Trump targets JPMorgan with $5B debanking lawsuit

TL;DR Summary
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.
- Trump sues the world's largest bank. Bet that goes well. Daily Kos
- Jamie Dimon is learning what happens when a CEO dares to defy Trump CNN
- Trump sues JPMorgan for $5 billion, alleges the bank closed his accounts for political reasons AP News
- The Message Behind Trump’s Lawsuit Against JPMorgan The New York Times
- The US in Brief: Capital offence The Economist
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