Thursday, January 22, 2026 at 7:48 PM
Donald Trump has filed a lawsuit against JPMorgan Chase, claiming the bank closed his accounts for political reasons following the January 6 Capitol riot, seeking $5 billion in damages.
After the Trump administration’s threats to defense contractors and home builders, the risk has jumped for bank shareholders.
President issued an executive order on Tuesday that laid out steps to stop Wall Street home purchases.
Wednesday’s arguments in the Lisa Cook case come amid a broader Trump campaign to bend the central bank to presidential will.
Bank executives are tiptoeing around President Trump’s call to temporarily cap credit-card interest rates at 10%, opposing the idea while making sure not to antagonize the White House.
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