A wave of lawsuits brought by the president of the United States Donald Trump Against institutions he doesn't like, it continues. As revealed on Thursday evening, Trump presently demands at least $5 billion from the large bank JPMorgan Chase, as he closed the accounts of the current president in 2021 after the attack on the United States Capitol by his supporters. Trump's lawyers argue that this decision was political. The bank rejected these accusations: It closes accounts erstwhile they represent legal or regulatory risks – but not for political or spiritual reasons.
According to a suit filed in Florida and published by CNBC, the bank informed Trump and respective of his companies on February 19, 2021 that their accounts would be closed in 2 months. This allegedly caused financial losses, including preventing them from establishing little lucrative business relations with another financial institutions. Trump and his companies were besides reportedly placed on the blacklist of asset managers.
In addition to JPMorgan, the suit is besides directed personally against the president Jamie Dimon. (69). Trump had previously threatened to sue against JPMorgan – and besides criticized the Bank of America for refusing to accept a deposit of $1 billion. There appears to be a increasing conflict with the second bank. According to media reports, his president Brian Moynihan (66), unlike another bank directors, he was not on the guest list at the White home organization during the planet economical Forum in Davos.
On January 6, 2021, Trump supporters brutally stormed into Washington Capitol. The crowd wanted to prevent the U.S. legislature from formally declaring triumph Joe Bidena in the 2020 presidential election. For a fewer weeks earlier, Trump claimed without evidence that the elections had been stolen from him as a consequence of fraud – and even more inflamed the tension with a speech to his supporters before the attack. After the assault on Capitol he besides lost his presence on major online platforms, which prompted him to sue technology companies.