President Donald Trump is suing JPMorgan Chase and its CEO Jamie Dimon in a $5 billion lawsuit filed Thursday, accusing the financial institution of debanking him for political reasons.
Trump had been a customer of JPMorgan for decades, and he and his affiliated entities “have transacted hundreds of millions of dollars” through JPMorgan Chase, according to the lawsuit.
“JPMC did not provide plaintiffs with any recourse, remedy, or alternative—its decision was final and unequivocal,” the lawsuit claims.
“In addition to the considerable financial and repetitional harm that Plaintiffs and their affiliated entities suffered, JPMC’s reckless decision is leading a growing trend by financial institutions in the United States of America to cut off a consumer’s access to banking services if their political views contradict with those of the financial institution.”
JPMC’s conduct, in violation of its code of conduct and Dimon’s lofty assertions, is a key indicator of a systemic, subversive industry practice that aims to coerce the public to shift and re-align their political views.”
Obey