In Trump v. Dimon, years of strain culminate in $5 billion suit
- Posted on January 23, 2026
- By Business News Today
- 4 Views
In Trump v. Dimon, years of strain culminate in $5 billion suit
Donald Trump has sued JPMorgan Chase CEO Jamie Dimon and his bank for $5 billion, alleging they illegally "debanked" Trump's businesses due to his politics. Despite the lawsuit, JPMorgan's stock rose, and Dimon received a raise. This action highlights Trump's ongoing disputes with financial firms and his complex, often combative, relationship with Dimon.