Donald Trump filed a $5 billion lawsuit against JPMorgan Chase on Thursday.
The president is accusing the financial institution and its CEO Jamie Dimon of de-banking him for political reasons.
Trump’s attorney Alejandro Brito filed in Florida state court in Miami on behalf of the president and his hospitality companies.
The filing alleges that on February 19, 2021, the bank ‘without warning or provocation’ notified Trump and his entities that multiple bank accounts they owned and used ‘would be closed just two months later, on April 19, 2021.’
Brito said the president is ‘confident that JPMC’s unilateral decision came about as a result of political and social motivations, and JPMC’s unsubstantiated, ‘woke’ beliefs that it needed to distance itself from President Trump and his conservative political views.’
This story is breaking and will be updated.
