President Donald Trump has filed a lawsuit against JPMorgan Chase over alleged debanking, the bank confirmed to The Epoch Times.
Alejandro Brito, the president’s personal attorney, filed a $5 billion lawsuit on Jan. 22 in Miami’s Florida state court on behalf of the president and his hospitality companies.
Following the January 2021 breach of the U.S. Capitol, the largest bank in the United States shuttered the accounts of Trump and his related entities.
The lawsuit says that the financial institution’s “unilateral decision” resulted from “political and social motivations” and its “‘woke’ beliefs that it needed to distance itself from President Trump and his conservative political views.”
“In essence, JPMC debanked Plaintiffs’ Accounts because it believed that the political tide at the moment favored doing so,” the suit stated.
Trump’s attorney also cited the company’s code of conduct that states the bank maintains high expectations and holds itself accountable.
Source:
https://www.theepochtimes.com/business/trump-sues-jpmorgan-chase-over-alleged-debanking-5974915