Trump Sues JPMorgan and Capital One, Seeks $5 Billion in Damages

According to foreign media reports, as U.S. President Trump continues to put pressure on institutions he regards as opponents, JPMorgan and Capital One have chosen to fight back. Legal experts and industry insiders indicate that this strategy may carry less risk than yielding to such pressure. Trump and his affiliated companies are suing the two banks, accusing them of closing his accounts in 2021 for political reasons. Both banks deny this allegation. The compensation amount Trump is seeking from Capital One has not been specified, while he is claiming $5 billion from JPMorgan.