Until now, JPMorgan has never admitted it closed the president's accounts, and would only speak hypothetically about when the bank closes accounts and its reasons for closing accounts. Mr. Trump originally sued JPMorgan in Florida state court, where Mr. Trump's primary residence is now located. Mr. Trump accuses the bank of trade libel and accuses Mr. Dimon himself of violating Florida's Unfair and Deceptive Trade Practices Act. The lawsuit alleges Mr. Dimon failed to follow up with Mr. Trump. This is not the first lawsuit Trump has filed against a big bank alleging that he was debanked.

Source: The Hindu February 22, 2026 04:17 UTC