Trump sues JPMorgan for $5B over ‘debanking’

What happened

President Donald Trump on Thursday filed a $5 billion lawsuit against JPMorgan Chase and its CEO, Jamie Dimon, accusing the banking giant of abruptly closing his accounts for “political” reasons after the Jan. 6, 2021, Capitol riot. The lawsuit, filed in Florida state court in Miami, alleges that JP Morgan “debanked” Trump and his businesses after his first term “because it believed that the political tide at the moment favored doing so.”

Who said what

Debanking...