JPMorgan Admits Closing Trump's Accounts in $5B Jamie Dimon Suit

JPMorgan Chase acknowledged closing more than 50 bank accounts belonging to Donald Trump and his businesses following the January 6 attack on the US Capitol.The admission surfaced during a $5B lawsuit where Donald Trump alleges that Jamie Dimon and the bank engaged in political discrimination.Lawyers for Donald Trump claim the financial institution placed him on a reputational blacklist to prevent him from opening accounts with other lenders.JPMorgan Chase defended the decision by citing legal and reputational risks while attempting to move the legal proceedings from Florida to New York.