Jamie Dimon says Trump’s $5 billion JPMorgan lawsuit has ‘no merit,’ but admits he’d be angry about debanking too

While he dismissed President Donald Trump’s $5 billion debanking lawsuit against his company, JPMorgan CEO Jamie Dimon said he also understands why the president is angry.

Trump named both Dimon and JPMorgan as defendants in a January lawsuit that accused the bank of cutting business ties with the president for political reasons after his supporters stormed the U.S. Capitol in 2021. Trump, in the suit, claimed “political discrimination,” and is seeking $5 billion in damages from the bank for allegedly debanking him.