President Donald Trump announced on Saturday, January 17, 2026, that he intends to file a lawsuit against JPMorgan Chase. The filing is expected within the next two weeks.
Posting on Truth Social, the President accused the bank of "incorrectly and inappropriately debanking" him. This action escalates a long-running feud that began after the bank closed his accounts following the January 6, 2021, Capitol riot.
The legal threat signals a major deterioration in the relationship between the Trump administration and JPMorgan CEO Jamie Dimon. JPMorgan consistently denies any wrongdoing in the matter. Due to the weekend announcement, immediate market reaction analysis is unavailable.