Overview
- The civil complaint was filed Thursday in Miami-Dade County state court by attorney Alejandro Brito on behalf of Trump and several related companies.
- Trump alleges JPMorgan notified him in February 2021 that multiple accounts would be shut with 60 days’ notice and that he, his family, and his businesses were placed on an internal wealth-management blacklist allegedly authorized by Dimon.
- The suit claims commercial defamation, breach of the duty of good faith, and violations of Florida’s Deceptive and Unfair Trade Practices Act, seeking at least $5 billion in damages.
- JPMorgan says it does not close accounts for political or religious reasons and does so only when legal or regulatory risks exist, vowing to defend the case.
- The White House says the dispute will be handled by the president’s outside counsel, with proceedings now at an initial stage that could test broader allegations about debanking practices.