Trump Sues JPMorgan for Debanking; Claims Bank’s Political Blacklist Is Realer Than ‘The Election’
KEY POINTS
- •On January 25, 2026, Trump sued JPMorgan Chase and CEO Jamie Dimon for up to $5 billion alleging unjust debanking.
- •Trump claims the bank's 'woke beliefs' led to account closures post-Jan. 6 riot, but JPMorgan denies political motives citing legal risks.
- •Dimon has criticized Trump’s policies, including interest rate caps, while the pair maintain a complicated relationship involving policy talks.
On January 25, 2026, President Trump filed a $5 billion lawsuit against JPMorgan Chase and CEO Jamie Dimon, accusing them of cutting off his accounts for his conservative views—an alleged 'woke beliefs' vendetta dating back to JPMorgan's post-Jan. 6 fallout. Trump insists he's blacklisted, despite zero evidence, claiming banks are out here playing FBI with secret conservative hitlists. JPMorgan retorts they close accounts only for legal risks, not feelings or politics, politely dodging Trump's Reality TV conspiracy by pointing at regulations they 'wish would change.' In nostalgic contrast, Dimon called Trump’s election denial 'treason' in 2022 while Trump once bragged about being 'loaded up with cash' before JPMorgan told him '20 days to get out.' Dimon also slammed Trump’s credit card interest rate cap proposal as an 'economic disaster,' making this feud part legal, part roller coaster, all ultra-2020s America drama. Meanwhile, Trump drags in Epstein files, demanding DOJ probe JPMorgan — because why not mix sex trafficking scandals with a banking civil war? It’s corporate America meets C-SPAN, now starring Trump's lawsuits as the newest QAnon episode nobody asked for.
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Trump’s $5 billion bank break-up movie is just what America needed: another lawsuit starring Jamie Dimon as the villain who dared to close an account after Jan 6. If only political blacklists came with actual receipts.
Imagine spending decades at a bank only to be told, ‘Sorry sir, your politics don’t fit our vibe.’ And you thought your ex was petty.
JPMorgan says accounts close over legal risks, Trump says political purge—sounds like the start of a bizarre Lifetime movie nobody signed up for.
Source: Axios | Published: 1/22/2026 | Author: Jason Lalljee
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