The Republican and his businesses were harmed “not only by the disruption to his access to JPMC’s banking services, but also by the devastating impact on plaintiff’s ability to transact and access his funds,” the complaint adds.
“Plaintiffs are convinced that JPMC’s unilateral decision was motivated by political and social motivations, and by JPMC’s unfounded ‘woke’ beliefs that it should distance itself from President Donald Trump and his conservative political positions.”
JPMorgan said it will fight the litigation and added that it does not close “accounts for political or religious reasons,” according to a statement.
“We close accounts because they create legal or regulatory risks for the company,” the bank said.
The largest bank in the United States was already the target of the president’s threats in mid-November, when he requested that the entity be investigated for its links with sex offender Jeffrey Epstein.
