US president claims lender unfairly closed his accounts for political reasons

US president alleges JPMorgan stopped offering him banking services in wake of January 6 Capitol riot

Chase Bank closed Trump's accounts on the heels of the Jan. 6, 2021, U.S. Capitol riot and the president exiting the White House later that same month.

Trump threatened the lawsuit in a Truth Social post last week, saying JPMorgan Chase “incorrectly and inappropriately” terminated his bank accounts after the Jan. 6 Capitol attack.

The $5bn lawsuit alleges JPMorgan abruptly closed multiple accounts in 2021 cutting off Trump & his firms from financing

The president claims the banking giant had political motivations for closing his accounts after the Capitol attack on Jan. 6, 2021.

JPMorgan Chase the lawsuit has "no merit" and the bank "does not close accounts for political or religious reasons".

President Donald Trump sued JPMorgan Chase bank and its CEO Jamie Dimon Thursday for closing his accounts in 2021 after the Jan. 6 capitol riots.

Long-serving chief executive of largest US bank paid $1.5mn in base salary and $41.5mn bonus

US president claims lender unfairly closed his accounts for political reasons

Banks endure presidential attacks as their share prices and profits soar under lenient policies