US President Donald Trump on Thursday sued JPMorgan Chase and its chief executive Jamie Dimon for $5 billion over debanking allegations, according to a copy of the lawsuit posted on CNBC.

The lawsuit, filed in state court in Miami-Dade County in Florida, alleges JPMorgan "unilaterally debanked" Mr Trump after the January 6, 2021, attack on the US Capitol by his support

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