FIRST ON FOX: President Donald Trump is suing JPMorgan Chase and its CEO Jamie Dimon in a $5 billion lawsuit filed Thursday, accusing the financial institution of debanking him for political reasons. TRUMP SAYS HE WILL SUE JPMORGAN CHASE OVER ‘INCORRECT’ POST-JAN 6 DEBANKING"We set high expectations and hold ourselves accountable. "Despite claiming to hold these principles dear, JPMC violated them by unilaterally—and without warning or remedy—terminating several of Plaintiff’s bank accounts," the lawsuit claims. A JPMorgan Chase spokesperson told Fox News Digital Thursday, "While we regret President Trump has sued us, we believe the suit has no merit. Trump had been a customer of JPMorgan for decades, and he and his affiliated entities "have transacted hundreds of millions of dollars" through JPMorgan Chase, according to the lawsuit.

Source: Fox News January 23, 2026 11:59 UTC