Foreign media report that as Trump increases pressure on institutions he views as adversaries, JP Morgan and First Capital have opted to resist. Legal experts and industry sources say litigation may carry lower risk than capitulation. Trump and his affiliated businesses have sued both banks, alleging they closed his accounts in 2021 for political reasons; both banks deny the claims. Trump is seeking $5 billion from JP Morgan; the claim against First Capital was not specified.

2026-09-10

Foreign media report that as Trump increases pressure on institutions he views as adversaries, JP Morgan and First Capital have opted to resist. Legal experts and industry sources say litigation may carry lower risk than capitulation. Trump and his affiliated businesses have sued both banks, alleging they closed his accounts in 2021 for political reasons; both banks deny the claims. Trump is seeking $5 billion from JP Morgan; the claim against First Capital was not specified.