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Jai Hamid

Trump files $5 billion lawsuit against JPMorgan CEO Jamie Dimon and pressures major US banks

On January 25, 2026, Trump escalated his conflict with Wall Street by filing a $5 billion lawsuit against JPMorgan Chase and its CEO Jamie Dimon, alleging his personal and business accounts were closed for political reasons. He has also targeted Capital One, Bank of America and Goldman Sachs while regulators under his administration prepare up to $200 billion in capital relief for large lenders. Major banks have boosted lobbying spending to about $12 million in Q4 2025 as they seek to shape rules on issues such as fees and crypto regulation.
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