{"id":1667295,"date":"2026-03-03T16:30:00","date_gmt":"2026-03-03T21:30:00","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1667295"},"modified":"2026-03-03T16:30:00","modified_gmt":"2026-03-03T21:30:00","slug":"id-be-angry-too-jamie-dimon-says-trump-debanking-suit-has-no-merit-then-rails-debanking-practices","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/id-be-angry-too-jamie-dimon-says-trump-debanking-suit-has-no-merit-then-rails-debanking-practices\/1667295\/","title":{"rendered":"“I’d Be Angry, Too”: Jamie Dimon Says Trump Debanking Suit Has No Merit, Then Rails Debanking Practices"},"content":{"rendered":"

“I’d Be Angry, Too”: Jamie Dimon Says Trump Debanking Suit Has No Merit, Then Rails Debanking Practices<\/span><\/p>\n

\n

JPMorgan Chase CEO Jamie Dimon said Monday that Donald Trump\u2019s $5 billion lawsuit over the closure of his accounts \u201chas no merit,\u201d but added, \u201cThey have the right to be angry. I\u2019d be angry, too.\u201d<\/strong><\/p>\n

Trump claims JPMorgan and other banks shut his accounts for political reasons, according to CNBC<\/a>.\u00a0Dimon said banks are often \u201cforced\u201d to debank clients due to legal and regulatory pressures tied to reputational risk. \u201cWe debank people because it causes legal, regulatory risk for us,\u201d he said, noting it\u2019s easier for banks to avoid that risk.<\/p>\n

Trump sued JPMorgan and Dimon in January, part of a broader legal campaign that also includes claims against Capital One, media outlets, and the IRS. JPMorgan has acknowledged closing dozens of Trump-related accounts after the Jan. 6, 2021, Capitol attack.<\/p>\n

\u201cBut I agree with them,\u201d Dimon said during an interview in Miami. \u201cLike, why is a bank allowed to do that?\u201d<\/strong><\/p>\n

CNBC writes<\/a> that though no single law mandates dropping clients over reputational concerns, regulations make serving certain customers risky. The case puts Dimon in a delicate spot as banks begin benefiting from deregulation under Trump appointees.<\/p>\n

<\/a><\/p>\n

\u201cThere are a lot of misunderstandings here,\u201d Dimon said. \u201cHopefully the law will change, and hopefully it\u2019ll get sorted out.\u201d<\/p>\n

Recall,\u00a0President Donald Trump\u00a0filed a lawsuit against JPMorgan Chase and its CEO Jamie Dimon,\u00a0claiming the banking giant\u00a0debanked him for political reasons.\u00a0<\/p>\n

The lawsuit was filed in January in a Miami state court by his attorney, Alejandro Brito, on behalf of Trump and several of his hospitality companies.\u00a0<\/p>\n

The complaint cites JPMorgan’s code of conduct, which reads: “We set high expectations and hold ourselves accountable. We do the right thing\u2014not necessarily the easy or expedient thing. We abide by the letter and spirit of the laws and regulations everywhere we do business and have zero tolerance for unethical behavior.”<\/p>\n

According to Brito, “Despite claiming to hold these principles dear, JPMC violated them by unilaterally\u2014and without warning or remedy\u2014terminating several of Plaintiff\u2019s bank accounts.”<\/p>\n

Trump and his companies have “transacted hundreds of millions of dollars” through the bank, the lawsuit reads, adding that Feb. 19, 2021 was the day that “forever altered the dynamic of the parties\u2019 relationship,” when the bank allegedly “without warning or provocation,” notified Trump and his companies that several of their bank accounts or were beneficiaries of, “would be closed just two months later, on April 19, 2021.”<\/p>\n

“JPMC did not provide plaintiffs with any recourse, remedy, or alternative\u2014its decision was final and unequivocal,” reads the suit.\u00a0<\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nTue, 03\/03\/2026 – 11:30<\/span><\/p>\n

\u200bhttps:\/\/www.zerohedge.com\/markets\/id-be-angry-too-jamie-dimon-says-trump-debanking-suit-has-no-merit-then-rails-debanking<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

“I’d Be Angry, Too”: Jamie Dimon Says Trump Debanking Suit Has No Merit, Then Rails Debanking Practices JPMorgan Chase CEO Jamie Dimon said Monday that…<\/p>\n","protected":false},"author":0,"featured_media":1667296,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1667295","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1667295","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1667295"}],"version-history":[{"count":1,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1667295\/revisions"}],"predecessor-version":[{"id":1667310,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1667295\/revisions\/1667310"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media\/1667296"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1667295"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1667295"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1667295"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}