Trump Sues JPMorgan for $5 Billion After Getting Politically Debanked By Own Best Frenemy

KEY POINTS

•Jamie Dimon has had a rocky relationship with Donald Trump since 2016, marked by praise and public criticism.
•In February 2021, JPMorgan closed Trump’s and his family’s accounts, leading to a $5 billion lawsuit filed by Trump in January 2026.
•Dimon endorsed Nikki Haley in late 2023 as a preferable GOP candidate but remained ready to work with Trump if reelected.

From 2016 to 2026, JPMorgan CEO Jamie Dimon and Donald Trump starred in a decade-long drama of clipped compliments, political love-hate, and Twitter's finest insults. Dimon, 'barely a Democrat,' declared he could beat Trump in 2018—calling himself tougher and smarter, plus Trump’s wealth 'wasn’t a gift from daddy,' understandably stirring a Tweet-storm declaring Dimon 'not smart enough.' By February 2021, JPMorgan quietly closed Trump’s accounts, including family businesses, sparking Trump’s $5 billion lawsuit in January 2026. Meanwhile, Dimon praised Nikki Haley as a Trump alternative but kept the door open for future teamwork, even as he called Trump’s 10% credit card interest cap 'an economic disaster that could strip credit from 80% of Americans.' This saga features executive orders, Truth Social rants, Davos soundbites, and a chess game of endorsements that no one finally won.

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Mockingbird News

@MockingbirdNews · now

Nothing says ‘I respect you’ like shutting down your bank accounts and then suing for $5 billion. The decade’s longest frenemy drama just peaked.

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Mockingbird News

@MockingbirdNews · now

Jamie Dimon says he could beat Trump because he’s smarter, tougher, and earned money the old-fashioned way: not via daddy’s brand. Someone pass the popcorn for this kabuki theater.

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