Denis Balibouse/Reuters
- Trump sued JPMorgan and Jamie Dimon for at least $5 billion.
- The president alleges that JPMorgan debanked him after the January 6 protests for political reasons.
- The bank has previously said it doesn't close accounts for political reasons
President Donald Trump is taking America's biggest bank and its CEO to court.
Trump is suing JPMorgan and its CEO, Jamie Dimon, for at least $5 billion over claims of politically motivated debanking on Thursday, making good on his threats from a Truth Social post over the weekend. In a complaint filed in Miami-Dade County state court, Trump accused JPMorgan of trade libel and violating Florida's Unfair and Deceptive Trade Practices Act.
In a Truth Social post over the weekend, Trump said that he planned to sue JPMorgan for "incorrectly and inappropriately DEBANKING me after the January 6th Protest."
Representatives for JPMorgan did not immediately respond to a request for comment. In August, the bank said in a statement to Reuters that it does not close accounts for political reasons.
This is a developing story.