Jamie Dimon says Trump’s $5 billion debanking lawsuit ‘has no merit’ but he’s sympathetic to concerns

Jamie Dimon says Trump’s billion debanking lawsuit ‘has no merit’ but he’s sympathetic to concerns

Key Points

JPMorgan Chase CEO Jamie Dimon said President Donald Trump’s lawsuit seeking $5 billion in damages for shuttering accounts was without merit.
But he said he sympathized with the president’s anger over the episode.
In recent court filings, JPMorgan acknowledged it closed dozens of accounts associated with Trump in the weeks after the Jan. 6, 2021, Capitol attack.

Source

Finance

Saba Capital finds little appetite for tender offer of shares in Blue Owl, Starwood private credit funds

April 27, 2026

Key Points In March, Saba offered liquidity to investors who were locked in Blue Owl Capital Corporation II, a non-traded private credit fund, at a 35% discount. Investors in Starwood Real Estate Income Trust were also made a similar offer at a 24% or 29% discount, based on the share class. On Monday, Saba said […]

Finance

Stocks making the biggest moves after hours: LendingClub, Nucor, Rambus, Bed Bath & Beyond and more

April 27, 2026

Check out the companies making headlines after the bell : Bed Bath & Beyond — The home goods retailer surged 31% after reporting first-quarter revenue of $247.8 million, beating the $240.1 million analysts polled by FactSet had expected. The company also posted an adjusted loss of 25 cents per share, narrower than the 28-cent loss […]

Finance

Ray Dalio says Kevin Warsh shouldn’t cut interest rates in a ‘stagflation’ era

April 27, 2026

Key Points The founder of Bridgewater Associates said persistent inflation pressures alongside slowing growth create a backdrop that demands caution from policymakers. “We are certainly in a stagflationary period,” Dalio said Monday on CNBC’s “Money Movers.” Source