Overview
- On Truth Social, Trump accused JPMorgan of "incorrectly and inappropriately" debanking him following the Jan. 6 Capitol riot.
- He claimed the bank gave him 20 days to move hundreds of millions of dollars under Biden administration pressure, an allegation that is disputed.
- JPMorgan has repeatedly denied politically motivated account actions, with CEO Jamie Dimon stating the bank does not debank customers based on politics or religion.
- The planned action echoes a 2025 Trump Organization lawsuit against Capital One that alleged improper account restrictions.
- The announcement highlights a deteriorating relationship with Dimon after campaign-era discussions and policy disagreements became flashpoints.