Trump sues JPMorgan Chase for $5 billion over alleged debanking

President Trump is suing banking giant JPMorgan Chase and its CEO for 5-billion dollars over alleged de-banking. The lawsuit alleges that JPMorgan stopped providing banking services to Donald Trump and his businesses for political reasons after he left office in January 2021. JPMorgan denied that it closes accounts for political or religious reasons, saying it believes “the suit has no merit.” The president has also attacked other lenders including Bank of America with allegations of debanking.