[Trump Sues JPMorgan Chase for Closing His Account Due to Political Reasons, Seeks $5 Billion in Damages] According to a report by Golden Finance, former U.S. President Donald Trump filed a lawsuit on Thursday against JPMorgan Chase and its CEO Jamie Dimon, seeking $5 billion in damages. The lawsuit accuses the financial institution of closing his account for political reasons. The complaint, filed on Thursday, alleges commercial defamation and breach of implied contract. Additionally, it claims Dimon violated Florida's Deceptive and Unfair Trade Practices Act. In response, JPMorgan Chase stated that it does not close accounts for political or religious reasons. Previously, Trump had repeatedly called out JPMorgan Chase in his efforts to stop banks from denying financial services to customers based on ideological grounds. The lawsuit states that approximately seven weeks after Trump supporters stormed the U.S. Capitol on January 6, 2021, JPMorgan Chase closed the accounts of Trump and his businesses. At the time, Trump had already left office, and his political influence had diminished. According to the complaint, JPMorgan Chase notified Trump of the account closures "without any warning or justification," causing him significant financial and reputational losses.