Former President Donald Trump is suing JPMorgan Chase and its CEO Jamie Dimon for $5 billion, alleging "political" debanking [7]. Meanwhile, Royal Caribbean Group announced the inaugural class of its Port Partners Business Accelerator Program in Seward, Alaska [2]. Elsewhere, community organizations are expanding business development opportunities, and extreme cold weather is causing business closures [1, 4].
Trump's Lawsuit Against JPMorgan Chase
Donald Trump has filed a lawsuit against JPMorgan Chase, claiming the bank terminated services due to his political views [7]. Trump's attorney alleges that JPMorgan Chase's actions violate its code of conduct by denying banking services based on differing political viewpoints [6]. The lawsuit seeks $5 billion in damages [7]. This legal action follows a similar suit in 2025 against Capital One, which allegedly terminated over 300 accounts linked to the Trump Organization and family members in 2021 [5]. Bank of America CEO Brian Moynihan responded to similar debanking allegations, stating that the bank serves 70 million customers and is "happy to serve anyone" [5].
Business Development and Closures
Royal Caribbean Group has selected 15 local entrepreneurs for its new business accelerator program in Seward, Alaska [2]. The program aims to strengthen the small-business ecosystem in Seward [2]. In Wisconsin, Couleecap, Inc. is transferring its business development programming to CAP Services to expand program opportunities [1]. However, extreme cold temperatures have forced numerous businesses and programs throughout southern Wisconsin to close temporarily [4]. Troy University’s IDEA Bank has been named Pike County Chamber of Commerce’s 2025 Business of the Year [3].
TL;DR
- Donald Trump is suing JPMorgan Chase for $5 billion, alleging political discrimination in banking services [7].
- Royal Caribbean Group launched a business accelerator program in Seward, Alaska, to support local entrepreneurs [2].
- Couleecap, Inc. is transitioning its business development programming to CAP Services [1].
- Extreme cold temperatures have led to temporary business and program closures in southern Wisconsin [4].