Trump Improperly Names JPMorgan CEO in $5 Billion Lawsuit, Bank Says

President Donald Trump improperly included Jamie Dimon as a defendant in his $5 billion debanking lawsuit against JPMorgan Chase, the bank and its CEO said in a court filing on Thursday. The move, they argued, was intended to shift the case into state court.

Trump’s allegation that Dimon engaged in unfair trade practices does not extend to bank officers regulated directly by federal banking agencies, the filing added.

Trump filed the lawsuit in his personal capacity in Miami-Dade County in January, seeking $5 billion in damages. He also alleged that JPMorgan engaged in trade libel by placing him on a banking “blacklist” after some of his accounts were closed in 2021, shortly after his first term ended.

JPMorgan and Dimon denied the allegations and said they were unaware of any blacklist. The filing was made in federal district court in Miami, where the defendants are seeking to transfer the case to federal court in Manhattan — a common move for corporate defendants.

A spokesman for Trump’s legal team said the bank and Dimon had debanked and blacklisted Trump, his family and their businesses. “The defendants committed these tortious acts only because of the president’s America First policies, which have saved our nation. President Trump is standing up for all those wrongly debanked by JPMorgan Chase and their cohorts, and will see this case to a just and proper conclusion.”

The lawsuit against JPMorgan is one of at least six Trump has filed in his personal capacity since returning to the presidency.

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