Trump Files $5 Billion Lawsuit Against JPMorgan and Jamie Dimon Over Alleged Debanking in Florida Court

Account Closures After Jan. 6 Resurface as Trump Targets JPMorgan in Miami-Dade Filing
TL;DR
- Donald Trump sued JPMorgan Chase and CEO Jamie Dimon in Florida state court on January 22, 2026, seeking $5 billion over alleged account terminations.
- The lawsuit centers on bank accounts closed in February 2021 following the January 6, 2021 Capitol attack.
- JPMorgan said the case has no merit and stated it “does not close accounts for political or religious reasons.”
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Donald Trump filed a lawsuit on January 22, 2026, in Miami-Dade County Circuit Court against JPMorgan Chase & Co. and its chief executive Jamie Dimon, seeking $5 billion in damages over allegations that the bank terminated accounts tied to Trump and his businesses. The filing followed a January 17, 2026 social media post in which Trump threatened legal action, and the complaint was reported by Bloomberg as not yet available on the court’s public docket at the time of publication.
Trump’s legal team alleged that JPMorgan closed multiple accounts “without warning or provocation,” affecting Trump personally and several hospitality and golf-related limited liability companies. The complaint states that the terminations occurred in February 2021, weeks after the January 6, 2021 attack on the U.S. Capitol by Trump supporters, an event that remains central to the dispute outlined in the Florida filing.
Court documents cited in the coverage accuse JPMorgan of trade libel and breach of the implied covenant of good faith, while alleging that Dimon violated Florida’s deceptive and unfair trade practices law. The plaintiffs asserted that the bank’s actions were driven by political considerations, writing that “the political tide at the moment favored doing so,” and adding, “In essence, JPMC debanked Plaintiffs’ Account because it believed that the political tide at the moment favored doing so.”
Trump referenced the January 6 events directly in a January 17, 2026 post preceding the lawsuit, arguing that the Capitol attack was the “correct” response because the 2020 election was “rigged.” The coverage reiterated that Trump lost the 2020 presidential election to Joe Biden by 74 electoral votes, a fact included alongside Trump’s public statements connected to the lawsuit.
JPMorgan responded through a spokesperson, stating the lawsuit had no merit and that the bank “does not close accounts for political or religious reasons.” Dimon has previously rejected similar accusations from other sectors, including claims raised by figures in the cryptocurrency industry, according to the reporting accompanying the filing.
This article has been refined and enhanced by ChatGPT.