Trump Sues JPMorgan for $5bn Over Account Closure, Alleges Political Discrimination

Former US President Donald Trump has filed a $5 billion lawsuit against JPMorgan Chase, accusing the bank of politically discriminating against him by closing his accounts. Trump's counsel, Alejandro Brito, filed the lawsuit in a Florida state court in Miami.

JPMorgan Chase, led by CEO Jamie Dimon, refuted the allegations, stating that the account closures were due to legal and regulatory risks, not political reasons. The lawsuit highlights the ongoing legal battle between Trump and financial institutions following his presidency.