President Trump has taken aim at Wall Street by filing a $5 billion lawsuit against JPMorgan Chase and CEO Jamie Dimon, accusing the bank of “debanking” him and his businesses after the January 6, 2021 events. The complaint, announced on January 22, 2026, alleges the bank abruptly cut ties and shut accounts for political reasons, a charge that hits at the heart of free speech and fair treatment in American finance.
The suit was filed in Miami by Alejandro Brito, a lawyer who has represented the president in several high-profile cases and who is now leading this fight against Big Bank power. Brito’s filing frames this as not just a private dispute but a systemic problem of financial institutions policing politics instead of serving customers.
According to the complaint, JPMorgan gave Mr. Trump roughly 60 days’ notice and closed multiple accounts in February 2021, forcing urgent, disruptive moves of millions of dollars and key business operations. The lawsuit also claims the bank placed the president and his companies on a reputational blacklist that prevented them from opening accounts elsewhere, a practice conservatives have warned about for years.
JPMorgan has pushed back, insisting it does not close accounts for political or religious reasons and that account closures are driven by legal and regulatory risk considerations. That boilerplate corporate defense is expected, but it won’t be enough if discovery uncovers internal memos or decision-making tied to partisan pressure.
For patriotic conservatives this lawsuit is vindication of a long-standing concern: financial institutions have too often acted as arbiters of acceptable political speech. Debanking became a rallying cry during and after the 2024 campaign, and Mr. Trump’s legal salvo follows other cases where conservatives accused banks of shutting them out for their beliefs.
Make no mistake, this is about power. When a handful of mega-banks and their CEOs can decide which citizens get access to the financial system, the promise of equal treatment under the law collapses. Jamie Dimon and his peers can posture about compliance and risk, but ordinary Americans see politically motivated punishments that favor the coastal elite and silence dissenting views.
The courtroom is where these hidden decisions will come into the light, and conservatives should cheer discovery and depositions that force Wall Street to explain itself. If bank executives coordinated with regulators, media, or activists to blacklist opponents, those revelations deserve public scrutiny and congressional oversight.
This fight is bigger than any one account or company; it is about who controls the levers of our economy and whether hardworking Americans will be second-class customers in their own country. Patriots should pay attention, demand accountability, and make clear that no institution is above being examined when it threatens our liberties and livelihoods.
