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Trump sues JPMorgan for $5 billion, alleges bank closed his accounts for political reasons

January 22, 2026

The lawsuit alleges that JPMorgan abruptly closed multiple accounts in February 2021 with just 60 days notice and no explanation. By doing so, President Donald Trump claims JPMorgan cut him and his businesses off from millions of dollars, disrupted their operations and forced Trump and the businesses to urgently open bank accounts elsewhere.

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