January 25, 2026
Trump’s Lawsuit Against JPMorgan Could Help Thousands Leaving Prison
President Donald Trump filed a $5 billion lawsuit Thursday against JPMorgan Chase and CEO Jamie Dimon, claiming the bank shut down his accounts for “political and social motivations,” according to court documents.The complaint alleges that in early 2021, after decades of banking with JPMorgan, the bank informed Trump and his businesses that it would close several accounts, following the Jan. 6 attack on the U.S. Capitol. However, each year many of those indicted, pleading or found guilty have their bank accounts and credit cards cancelled, making recovering from a second chance impossible.