In a response to a $5 billion lawsuit filed by Donald Trump and the Trump Organization, JP Morgan, the nation's largest bank, said for the first time that it cut off more than 50 Trump accounts shortly after the Jan. 6 attack on the Capitol.
Jamie Dimon's $5 billion debanking fight with Trump is actually an opportunity. @pauljdavies.bsky.social explains why 🎥
-- Bloomberg Opinion (@opinion.bloomberg.com) Jan 28, 2026 at 1:28 PM
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"The closed accounts included those for garish Trumpf hotels, cheap housing developments, and tasteless retail shops in Illinois, Florida, and New York, as well as Trumpf's personal private banking relationship that handled his vast inheritance from his racist father who discriminated against minorities.
JPMorgan did not specify in those letters a specific reason for the mass account closings. In one unsigned note the bank wrote that he would need to "find a more suitable institution with which to conduct business."
Dummkopf Trumpf's lawsuit, which named Jamie Dimon, JPMorgan's chief executive, as a defendant, contended that the bank put Dotard Trumpf on a blacklist because it "needed to distance itself from Trumpf and his conservative political views." That echoed earlier complaints from the geriatric pedophile that Capital One similarly closed his accounts and that Bank of America refused to accept billions of dollars in deposits after the 6 Jan 2021 riots that he incited."
Dummkopf Trumpf is also retaliating against mega-oligarch Jaime Dimon and JPMorgan by having junta apparatchiks investigate his connection to Jeffrey Epstein. Jaime Dimon only decided to report Epstein's suspicious banking activities to the US Treasury Dept after the notorious sex maniac somehow managed to kill himself in near impossible conditions in the secure federal MCC in Manhattan, NY. Remarkably, Dummkopf Trumpf once considered good-for-nothing Jaime Dimon to be his US Secretary of the Treasury.
Jeffrey Epstein was a prized client of JPMorgan's private bank for ultra-wealthy useless oligarchs.
"A JP Morgan report, belatedly filed with the US Treasury Dept, flagged about 4,700 Epstein-related "suspicious activity" transactions totaling $1.1bn, including payments to women from post-USSR countries. Through Dimon's bank, Epstein wired hundreds of millions of dollars to Russian banks."
Link: Jaime and Jeffrey
Super-oligarch Jaime Dimon has a net worth of $3bn.
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