Trump to Sue JPMorgan for Allegedly "Debanking" Him

President Donald Trump has announced that he will be suing the investment banking company JPMorgan Chase within “the next two weeks” for allegedly “debanking” him after the Jan. 6, 2021, Capitol insurrection, Ben Johansen reported for Politico.

JPMorgan has denied closing accounts for political reasons. (Photo: Håkan Dahlström Flickr)

Trump has claimed that the bank closed or restricted his accounts following the riot, effectively cutting him off from longstanding banking relationships.

He has framed the action as politically motivated retaliation, arguing that banks acted under pressure from the Biden administration.

Trump has increasingly folded this into a broader narrative of “debanking” conservatives. JPMorgan has denied closing accounts for political reasons.

During the 2024 campaign, JPMorgan CEO Jamie Dimon had been floated for Treasury secretary by the president, but their relationship has since soured. In August, Trump went after Dimon’s bank, as well as Bank of America, accusing them of discriminating against him in recent years.

Earlier in 2025, the Trump Organization sued Capital One, accusing the bank of improperly cutting off access to the business following the Capitol attack.