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Donald Trump files five billion dollar lawsuit against JPMorgan Chase and CEO Jamie Dimon

President Donald Trump filed a five billion dollar lawsuit against JPMorgan Chase on Sunday. The action alleges political discrimination in account closures.

Insights:
President Donald Trump donald trumpfiled a $5 billion lawsuit against JPMorgan Chase & Co. and its CEO Jamie Dimon jamie dimonon January 25, 2026. The lawsuit, filed in the US USUS, alleges that the bank closed accounts belonging to Donald Trumpand his companies on political grounds. This legal action marks a shift toward direct litigation against the financial sector, even as administration regulators propose significant deregulatory changes for lenders.
Jamie Dimon, Chairman and Chief Executive Officer of JPMorgan Chase & Co., attends the ribbon-cutting ceremony opening the firm’s new headquarters at 270 Park Avenue, in New York City, U.S., October 21, 2025. REUTERS/Eduardo Munoz
Jamie Dimon, Chairman and Chief Executive Officer of JPMorgan Chase & Co., attends the ribbon-cutting ceremony opening the firm’s new headquarters at 270 Park Avenue, in New York City, U.S., October 21, 2025. REUTERS/Eduardo Munoz
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