Trump Demands $5 Billion From JPMorgan, Accuses Bank of Political Bias

Former U.S. President Donald Trump is suing banking giant JPMorgan Chase for $5 billion. He claims the bank unfairly closed his personal accounts for political reasons. The lawsuit, filed in Florida, accuses JPMorgan of "debanking." This term refers to when a bank ends its relationship with a client. Trump alleges the bank's actions were "discriminatory" and politically motivated. JPMorgan has not yet commented publicly on the legal filing. The case will test the legal boundaries of a bank's right to choose its clients. Trump is seeking at least $5 billion in damages. The lawsuit names both the bank and its long-time CEO, Jamie Dimon.