Simi Valley, California — Former President Donald Trump announced Saturday that he plans to file a lawsuit against JPMorgan Chase, claiming the bank “debanked” him after the events of January 6, 2021. His statement came amid ongoing discussions concerning the financial institution’s practices following the Capitol riot.

In a post on his social media platform, Trump indicated that he believes he was unfairly treated by JPMorgan and criticized the broader implications of such actions. “I’ll be suing JPMorgan Chase over the next two weeks for incorrectly and inappropriately DEBANKING me after the January 6th protest,” he stated, asserting that the protest accurately represented the views of its participants.

The former president’s allegations against banks extend beyond JPMorgan. In August, Trump issued an executive order aimed at preventing discriminatory practices by financial institutions, particularly those refusing service based on political or religious beliefs—a practice he denounces as “debanking.”

During a previous interview, Trump asserted that banks, including JPMorgan Chase and Bank of America, denied him service after his presidency, although he did not provide specific evidence to support those claims. Both banks have publicly stated they do not close accounts due to political affiliations, with Bank of America expressing a desire for clearer regulatory guidelines on such matters.

The Trump family’s grievances with financial institutions are longstanding. Last year, Donald Trump Jr. remarked that his family faced challenges accessing traditional banking services, which he claimed pushed them to explore cryptocurrency options. “So, we got into crypto, not because it was like, ‘hey, this is the next cool thing,’ but out of necessity,” he noted.

As Trump prepares to navigate the legal landscape surrounding his lawsuit, JPMorgan’s stock has seen a notable decline of about 5% over the past week. This drop comes despite the bank exceeding financial performance expectations in its recent earnings report.

The former president’s legal actions unfold alongside an assertion he made regarding a report suggesting he had offered Jamie Dimon, JPMorgan’s CEO, the Federal Reserve chairmanship during a meeting at the White House. Trump vehemently denied that any such offer was ever made, questioning why the Wall Street Journal did not reach out to him for confirmation.

Trump maintained that misinformation spread through reputable channels could easily have been clarified if they had consulted him directly. “There was never such an offer,” he stated, reinforcing his adversarial stance towards Dimon and the banking giant.

The landscape for financial institutions continues to evolve as the former president grapples with financial institutions while also preparing to seek another presidential term. Current Federal Reserve Chairman Jerome Powell’s term concludes in May, leaving open the possibility for shifts in leadership that could impact banks’ interactions with political figures and the broader market.