Trump Sues JPMorgan and CEO Jamie Dimon Over Alleged Post‑Jan. 6 'Debanking'

President Donald Trump has filed a civil lawsuit seeking up to $5 billion from JPMorgan Chase and its CEO Jamie Dimon, alleging the bank improperly cut him and his businesses off from financial services after the Jan. 6 Capitol riot because of what he calls its 'woke beliefs' and his conservative views. The complaint claims JPMorgan placed Trump and his companies on an internal 'blacklist' used to flag people with a history of misconduct, though it cites no evidence for the alleged list. JPMorgan told Axios the suit has 'no merit,' says it does not close accounts for political or religious reasons, and argues it shuts accounts only when they pose legal or regulatory risk, while also noting it has asked both the current and prior administrations to change the rules that put banks in this position. The case caps years of deteriorating relations between Trump and Dimon, from the bank’s 2021 decision to halt donations to Republicans who contested the 2020 results to Dimon’s 2022 remark that Trump’s election denial was 'treason' and his recent warnings against undermining Federal Reserve independence as Trump pushes an unprecedented criminal probe of Fed Chair Jerome Powell. The lawsuit also follows Trump’s August executive order threatening to punish banks that allegedly discriminate against conservatives, underscoring how he is using both policy and personal litigation to pressure the financial sector.