Trump Sues JP Morgan Chase and CEO Over Alleged ‘Debanking’ for $5 Billion

President Donald Trump on Thursday filed a $5 billion lawsuit against JPMorgan Chase and its CEO Jamie Dimon, claiming that the bank improperly closed his accounts for political reasons.

“While we regret President Trump has sued us, we believe the suit has no merit,” a JPMorgan Chase spokesperson said. “We respect the President’s right to sue us and our right to defend ourselves – that’s what courts are for.”

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