Trump sues JPMorgan for $5B over alleged debanking

By

David Voreacos&

News January 23, 2026 at 09:34 AM

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What You Need To Know

The president claims JPMorgan stopped offering him and businesses banking services for political reasons.
JPMorgan closed accounts for Trump and his businesses about seven weeks after the Jan. 6, 2021, assault on the U.S. Capitol .
The bank also placed the president and family members on a wealth management "blacklist," the complaint says.

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