Donald Trump has filed a $5 billion lawsuit against JPMorgan Chase and its CEO, Jamie Dimon, in Miami-Dade County. The suit accuses the bank of political debanking, trade libel, and breaching an implied covenant of good faith. Trump claims that JPMorgan terminated his accounts without warning on February 19, 2021, after decades of being a customer. He argues that this action caused significant financial harm and reputational damage, as it forced him to seek banking services elsewhere, which he describes as less favorable. The lawsuit also alleges that JPMorgan added Trump and his affiliates to a blacklist shared with other banks, which identifies individuals with a history of misconduct or non-compliance. Trump argues this move violated Florida’s unfair and deceptive trade practices act, with Dimon’s approval being a key point of contention. A spokesperson for JPMorgan responded, asserting that the bank closes accounts based on legal or regulatory risks, not for political reasons. They expressed confidence that the lawsuit lacks merit. Trump's legal actions reflect a broader narrative of alleged discrimination against him and his affiliates in the banking sector, echoing previous claims against Capital One and Bank of America. His attorney has not commented on the lawsuit, and the Trump Organization has also remained silent on the issue.