On January 22, former President Donald Trump filed a civil lawsuit in Miami-Dade County, Florida, seeking at least $5 billion in damages from JPMorgan Chase and its CEO, Jamie Dimon. The complaint alleges that in 2021 the bank terminated multiple accounts held by Trump and several of his hospitality companies for political reasons, causing “considerable financial and reputational harm.” The suit brings claims of trade libel, violation of Florida’s Deceptive and Unfair Trade Practices Act, declaratory relief and breach of the implied covenant of good faith and fair dealing. In its response, JPMorgan stated it does not close accounts for political or religious reasons but does so when accounts present legal or regulatory risks, and it intends to vigorously defend against the allegations.

JPMorgan disclosed that Jamie Dimon’s total compensation for 2025 will rise approximately 10% to $43 million, up from $39 million in the prior year. The package includes a mix of base salary, annual cash incentives and long-term equity awards, reflecting the firm’s performance in a challenging macroeconomic environment. Dimon, 69, has led the bank through an extended period of revenue growth driven by strong trading and investment-banking results, while maintaining industry-leading credit quality and a Tier 1 capital ratio above regulatory requirements.

An internal memo reviewed by Reuters confirms that JPMorgan has completed the acquisition of WealthOS, a UK-based pensions technology platform. The deal, finalized in early January, aims to bolster JPMorgan’s digital retirement services by integrating WealthOS’s cloud-native software and client onboarding tools. While financial terms were not disclosed, the purchase reflects the bank’s strategy to expand its footprint in the fast-growing UK pensions market and to offer end-to-end digital solutions for defined-contribution plan sponsors and trustees.