US President Donald Trump is no stranger to lawsuits — having earned more than $1 billion in 2025 from cases against media and tech companies. He announced plans to sue JPMorgan Chase on Saturday, claiming that he was “debanked” after the January 6 Capitol riots of 2021. Trump has made unsubstantiated claims that several major banks refused to accept his deposits after the attacks.
“I’ll be suing JPMorgan Chase over the next two weeks for incorrectly and inappropriately DEBANKING me after the January 6th Protest, a protest that turned out to be correct for those doing the protesting – The Election was RIGGED!” he wrote on Truth Social.
Trump also doubled down on oft-repeated claims that the 2020 US elections were “rigged” to ensure his defeat in the lengthy post. The missive was seemingly triggered by reports that he had offered JPMorgan Chase CEO Jamie Dimon the roles of US Fed Chair and Secretary of the Treasury.
Jamie Dimon as US Fed Chairman?
The vehement post came in response to a Wall Street Journal report that suggested Trump had offered JPMorgan Chase CEO Jamie Dimon the post of US Fed Chairman. The latter had also issued a statement denying the claim and insisted that “there was no job offer”. Dimon also opined that things were now being handled “better than I could have” done
“This statement is totally untrue, there was never such an offer. Why wouldn’t The Wall Street Journal call me to ask whether or not such an offer was made? I would have very quickly told them, “NO,” and that would have been the end of the story. Also, one was led to believe that I offered Jamie Dimon the job of Secretary of the Treasury, but that would be one that he would be very interested in. The problem is, I have Scott Bessent doing a fantastic job, A SUPERSTAR — Why would I give it to Jamie? No such offer was made there, or even thought of, either,” Trump insisted.
Trump vs Dimon
The two leaders had clashed last week after the top executive said Trump’s continued attacks against Jerome Powell were putting the independence of the central bank at risk. He also warned that the situation could backfire and ultimately raise interest rates and inflation.
“I think it’s fine what I’m doing. And we have a bad Fed person…I think he’s wrong. We should have lower [interest] rates. Jamie Dimon probably wants higher rates…maybe he makes more money that way,” came the rejoinder from the President.