Trump Sues JPMorgan Chase for Billions as Revenge Quest Continues

Donald Trump is trying to take revenge on financial institutions that dropped him after the January 6, 2021 Capitol insurrection.

The president filed a lawsuit against JPMorgan Chase and its CEO Jamie Dimon Thursday in Florida state court, seeking $5 billion in damages and accusing the bank of ending its business with him for political reasons. The lawsuit claims that Trump, his family, and different businesses were put on a blacklist “for any wealth management accounts that they have title to,” and asserts that Dimon authorized the action.

“Plaintiffs are confident that JPMC’s unilateral decision came about as a result of political and social motivations, and JPMC’s unsubstantiated, ‘woke’ beliefs that it needed to distance itself from President Trump and his conservative political views,” the lawsuit states. It also claims that JPMorgan never stated why it was closing Trump’s accounts.

Trump and his businesses “learned that they were debanked as a result of political discrimination against President Trump, the Trump Organization, its affiliated entities, and/or the Trump family,” the lawsuit states, though it does not explain how Trump and his businesses deduced this.

In a statement to CNBC, JPMorgan said, “While we regret President Trump has sued us, we believe the suit has no merit.”

“JPMC does not close accounts for political or religious reasons,” said spokesperson Pamela Wexler. “We do close accounts because they create legal or regulatory risk for the company. We regret having to do so but often rules and regulatory expectations lead us to do so.”

The lawsuit follows a threat from Trump on his Truth Social account on Saturday to sue JPMorgan Chase “for incorrectly and inappropriately DEBANKING me after the January 6th Protest, a protest that turned out to be correct for those doing the protesting – The Election was RIGGED!”

Trump already sued Capital One last year for dropping his accounts, and has joined his fellow conservatives in complaining about “debanking,” signing an executive order in September “guaranteeing fair banking for all Americans.” But the Consumer Financial Protection Bureau has only received 35 total complaints related to political debanking since 2012, raising the question of whether Trump and the right are trying to force banks into submission.

The White House has called for a review of federal funding to more than a dozen Democrat-led states.

The Office of Management and Budget issued a data request Tuesday seeking information on funding to 13 blue states as well as Washington, D.C., in an attempt to “facilitate efforts to reduce the improper and fraudulent use of those funds,” according to a copy of the memo obtained by CNN.

The memo specifies that the info pull is simply a “data-gathering exercise” and “does not involve withholding funds.” But the initiative is eerily reminiscent of other recent attempts to punish the home states of sanctuary cities that have not supported Donald Trump’s political aspirations or immigration agenda.

The affected states are California, Colorado, Connecticut, Delaware, Illinois, Massachusetts, Minnesota, New Jersey, New York, Oregon, Rhode Island, Vermont, and Washington state.

“We are moving forward with taking fraud seriously,” an OMB spokesperson told The Washington Post.

Earlier this month, the Department of Health and Human Services cut off $10 billion in funding for social services such as childcare and aid for poor families in five blue states—California, Colorado, Illinois, Minnesota, and New York—over unsupported claims that the funds had been subject to fraud. Those funds were ordered to resume after a judge issued a temporary restraining order just two days later.

HHS also attacked millions in federal childcare credits for Minnesotans after 23-year-old right-wing YouTuber Nick Shirley alleged there was a sprawling fraud scheme taking federal funds from Minnesota-based, Somali-owned day care facilities. Shirley’s report was riddled with problems, however—in no small part due to the fact that the results were skewed by which day cares granted him and another lone white man unannounced admittance to their premises. (Viewed another way, what well-reputed day care would willingly shuttle complete strangers into a facility full of children?)

The Trump administration, in turn, embraced the report, using it as leverage to usher a scourge of ICE agents upon Minneapolis, where their violent presence has only caused more problems, such as the killing of a 37-year-old mother, Renee Nicole Good. The video also offered fodder for a fresh wave of racism against the city’s Somali community, which the president has utilized to clamp down on immigration from East Africa.

Trump has long scorned sanctuary cities, ruing the fact that they have opposed ICE and his federal deportation mandates in favor of their local immigrant communities. Though he has tried several times to cut funding to such cities, the efforts have been routinely blocked by the nations’ courts.

But last week, the president decided he’d try again.

“Starting February 1, we’re not making any payments to sanctuary cities or states having sanctuary cities, because they do everything possible to protect criminals at the expense of American citizens,” Trump said while delivering a speech in Detroit. “And it breeds fraud and crime and all of the other problems that come with it.”

Vice President JD Vance thinks the infamously doomed Titanic is an apt metaphor for the United States.

“The Democrats talk a lot about the affordability crisis in the United States of America. And yes, there is an affordability crisis—one created by Joe Biden’s policies,” Vance said on Thursday, speaking at a rally in Toledo. “You don’t turn the Titanic around overnight. It takes time to fix what was broken.”

This is ironically a very Trumpian gaffe for Vance. The Titanic was lauded as an “unsinkable” ship, something so grand and so technologically advanced that it was simply too big to fail—until it ran right into an iceberg on April 15, 1912. Over 1,500 people died in the dark, icy ocean, and its name has now become synonymous with failure. Vance should’ve probably picked a ship with a better ending to compare to the U.S. economy.

“Does... does he know what happened to the Titanic?” Brian Tyler Cohen wrote on X.

And for what it’s worth, Americans are getting tired of listening to the Trump administration blame former President Biden for the current economic problems, while telling them to simply grin and bear it. A recent New York Times/Siena University poll shows that 56 percent of the country disapproves of Trump right now—and 58 percent of all of the poll’s respondents disapprove of his handling of the economy.

“At least he’s admitting what ship we are on,” another user said.

The White House on Thursday appeared to share a doctored photo after arresting two people it says were involved in an anti-ICE protest during services at a Minnesota church Sunday. The White House photo alongside the announcement made it seem as if one of the targets was crying, while the original photo shows otherwise.

Attorney General Pam Bondi said on X that Nekima Levy Armstrong, a civil rights attorney and Minneapolis activist, had been arrested along with fellow protester Chauntyll Louisa Allen, a member of the Saint Paul Public Schools Board of Education.

“Listen loud and clear: WE DO NOT TOLERATE ATTACKS ON PLACES OF WORSHIP,” Bondi posted.

After the announcement, the White House shared the following photo of Levy Armstrong:

But as Lawfare’s Anna Bower highlighted, an initial photo shared by Homeland Security Secretary Kristi Noem—that otherwise looks exactly the same—doesn’t show Levy Armstrong crying.

The arrest came after protesters entered Cities Church in St. Paul on Sunday, where David Easterwood, who leads the Immigration and Customs Enforcement field office in the city, also serves as a pastor. Demonstrators disrupted the service, chanting “ICE out” and “Justice for Renee Good.”

The disruption quickly went viral among the MAGAverse and the Trump administration promised to bring forth charges, despite turning a blind eye to ICE and Border Patrol violence against Christian clergy in earlier incidents. Vice President JD Vance earlier on Thursday accused the St. Paul protesters of scaring “little kids.”

“Those people are going to be sent to prison so long as we have the power to do so. We’re going to do everything we can to enforce the law,” Vance said while on a visit to Toledo, Ohio. He plans to visit Minnesota later today.

FBI Director Kash Patel said in an X post that Allen was charged under the Freedom of Access to Clinic Entrances Act, a law designed to stop people from intimidating or interfering with anyone trying to take part in a service at a religious center or get assistance at a clinic for reproductive health.

On Tuesday, Levy Armstrong called for Easterwood to resign.

“You cannot lead a congregation while directing an agency whose actions have cost lives and inflicted fear in our communities,” Levy Armstrong said. “When officials protect armed agents, repeatedly refuse meaningful investigation into killings like Renee Good’s, and signal they may pursue peaceful protesters and journalists, that is not justice—it is intimidation.”

This story has been updated.

The U.S. president appeared with yet another strange mark on his hands at the World Economic Forum in Davos, once again raising concerns that his health is not what he has claimed it to be.

Donald Trump—the oldest person to ever be elected president—was photographed with what appeared to be another large bruise, this time marring the back of his left hand. Normally, his right hand is bruised.

The 79-year-old has repeatedly claimed that he is in pristine condition, brushing off public alarm over his deteriorating body, but several health scares over the last several months have sparked questions over his ability to remain in office.

The large bruises on his hands—often covered with ill-matched makeup—have become a near routine fixture on the president’s aging body as they shift from hand to hand. The White House has blamed the superficial injuries on handshaking and aspirin, though doctors have suggested that the bruises could be the warning sign of something more serious.

Other symptoms of his deteriorating condition have been more concerning, such as the sagging mouth and drooping expression he sported in September during 9/11 memorial ceremonies, causing some onlookers to suggest that the president could have suffered a stroke.

The next month, Trump spent hours at Walter Reed Medical Center. The White House refused to disclose the reason, but eventually Trump let slip that he had received MRI scans, the results of which he said came back “perfect.” At least one former White House physician questioned the timeline of Trump’s appointment, pointing out that his four-hour visit to the hospital was far longer than would be required by an MRI test. Trump later revealed he might not have gotten an MRI at all, but something “less than” that.

Trump has also appeared discombobulated and lethargic during critical meetings with world leaders. Over the course of the last year, Trump has fallen asleep roughly a dozen times during critical public appearances. It happened during Cabinet meetings, in the middle of bombastic military parades, while meeting leaders of critical allies, and even during the Pope’s funeral.

Earlier this week, Trump aggressed relations with Europe, wrote to the leaders of Norway that he intended to pursue Greenland since they had not given him a Nobel Peace Prize last year (Norway’s government has no control over the award or its designees), and spent more than an hour on the dais in the White House press briefing room mumbling to himself about a stack of papers.

Responding to his recent behavior, Ty Cobb, a former White House attorney from Trump’s first administration, said that the shift in Trump’s psychological condition was “palpable.”