Donald Trump has sued JPMorgan Chase and its CEO Jamie Dimon for $5 billion, alleging the bank closed his accounts and those of his businesses for political reasons after he left office in January 2021. The lawsuit claims JPMorgan's actions were motivated by "woke" political and social motivations, aiming to distance itself from Trump's conservative views. $RIVER $SENT $FOGO

JPMorgan denies the allegations, stating it doesn't close accounts for political or religious reasons but does so when accounts create legal or regulatory risks. The bank says it's been pressured by regulators and is supporting efforts to prevent the "weaponization" of the banking sector.

This case highlights concerns about "debanking," where banks restrict or terminate services to individuals or businesses, potentially limiting access to financial tools and influencing their activities. Critics argue this can be used as a form of financial isolation, impacting not just individuals but the broader financial system.