Trump sues JPMorgan Chase and Jamie Dimon for $5 billion over alleged debanking

Donald Trump sued JPMorgan Chase and CEO Jamie Dimon, seeking $5 billion over alleged debanking. The complaint asserts libel, breach of the implied duty of good faith and fair dealing, and violations of Florida trade practices law. JPMorgan said the suit has no merit.

• Damages sought: $5 billion
• Defendants: JPMorgan Chase and Jamie Dimon
• Claims: libel, breach of implied covenant of good faith, Florida trade practices
• Bank response: the suit has no merit