Trump Lashes Out at Billionaire Ex-Pal With Shock Lawsuit
The Daily Beast • • business
Key Points:
- Former President Donald Trump announced plans to sue JPMorgan Chase, accusing the bank of improperly debanking him after the January 6th protest, which he claims was justified due to a "rigged" election.
- Trump denied a Wall Street Journal report that he offered JPMorgan CEO Jamie Dimon the position of Federal Reserve Chairman or Treasury Secretary, calling the claims false.
- The feud between Trump and JPMorgan Chase intensified after the bank closed accounts linked to him in 2021 and refused to finance his $400 million ballroom project, citing reputational risks.
- JPMorgan CEO Jamie Dimon recently criticized the Trump administration's criminal investigation into Federal Reserve Chair Jerome Powell, emphasizing the importance of Fed independence and expressing respect for Powell.
- Trump responded
