Donald Trump is suing JP Morgan and Jamie Dimon for a staggering $5 billion.

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Donald Trump has just declared war on
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Wall Street's biggest bank. He is
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hitting JP Morgan and its CEO Ja Diamond
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with a staggering $5 billion lawsuit and
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the timing couldn't be more explosive.
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So why now? Well, this stems from a
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massive legal clash over banking
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services and alleged political debanking
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after the capital riots on 6th of
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January. Trump's legal team claims the
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bank unfairly targeted his business
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interests. It all comes after Jaime
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Diamond was just at Davos giving his
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verdict or lack thereof on some of
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Trump's past policies. The world's most
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influential banker has said Trump's
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policies don't exist in a vacuum and are
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not binary. Though in the past few
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weeks, he has been quick to critique the
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president's attacks on the Federal
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Reserve and plans for a credit card cap.
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This could have massive implications for
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the square mile and global banking. A $5
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billion hit isn't just pocket change.
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It's a major message for every major
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financial institution dealing with
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politically exposed clients. So, is this
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a legitimate legal grievance, or is this
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just high stakes campaign theater? I
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want to know what you think. Drop a
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comment below. team Trump or you team
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diamond and hit follow for the latest
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from City AM.

Donald Trump is suing JP Morgan and Jamie Dimon for a staggering $5 billion.

City AM

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Donald Trump is suing JP Morgan and Jamie Dimon for a staggering $5 billion.

City AM