New Delhi, Jan. 23 -- US President Donald Trump has filed a lawsuit against JPMorgan Chase & Co. and its CEO Jamie Dimon, seeking at least $5 billion. Trump alleges the bank refused to provide banking services to him and his businesses due to political reasons, according to a report.

The complaint was filed on Thursday (January 22) in Miami-Dade County state court, citing trade libel and breach of the implied covenant of good faith and fair dealing. It also claims Dimon violated Florida's deceptive trade practices law, as per Bloomberg report.

Trump's legal team argued that JPMorgan's actions violated Florida law, which prohibits financial institutions from terminating accounts based on an individual's political beliefs.

"Debanking is ...