Trump Sues JPMorgan for $5B for Alleged Debanking, US/Greenland Deal, More
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news when you want it. With Bloomberg News Now, I'm Amy Morris. President Trump is suing JPMorgan Chase and its CEO Jamie Dimon for at least $5 billion over allegations that the lender stopped offering Trump banking services for political reasons. Back in February, Dimon denied rejecting business on ideological grounds.
We don't debank people because of their political or religious affiliations. The rules and the requirements are so onerous, and it does cause people to be debanked who, in my opinion, should not be debanked.
J.P. Morgan said in a statement the suit has no merit and that it doesn't close accounts for political nor religious reasons, but rather because of legal or regulatory risk for the company. Ukrainian President Volodymyr Zelensky tore into Europe for its apparent lack of willingness to stop Russian President Vladimir Putin four years into the war in Ukraine.
We should not degrade ourselves to secondary roles, not when we have a chance to be a great power together. We should not accept that Europe is just a salad of small and middle powers seasoned with enemies of Europe. When united, we are truly invincible.
Zelensky spoke after he rushed to Davos for a last-minute meeting with President Trump, who described that meeting as good. The deal between President Trump and NATO Secretary General Mark Rutte paves the way for NATO to beef up security in the Arctic region and fend off any threat from Russia or China. The issue of sovereignty was not on the table. Secretary General Rutte.
So what we discussed last night is the seven countries in the high north, including the United States, working together to protect against any adversary. And then also to make sure that when it comes to Greenland specifically, their economy, their military situation, Russia and China will never get access.
NATO Secretary General Mark Rutte speaking with Bloomberg in Davos. President Trump's heightened rhetoric on Greenland had many European allies questioning whether the U.S. would take the island by force. Energy Secretary Chris Wright says a military option was never on the table.
Since his arrival in office has been how to strengthen NATO, how to get increased defense spending, how to get increased trade and cooperation between our countries. So he's here to strengthen NATO. Yes, he has a different negotiating style and he gets different results.
And Secretary Wright says he'll be in Venezuela in the next few weeks and that the U.S. will not be providing security guarantees to those oil majors.
We are not going to get involved in providing on-the-ground security for people in Venezuela. Oil and gas companies operate all around the world in all different settings. They're well-versed in those challenges.
Wright spoke to Bloomberg surveillance on the sidelines of the World Economic Forum. Javier Mele defended Argentina's economic ties with China, saying his country had little choice but to pursue trade with Beijing.
My plan is to open up to the EU. to the United States and to China. I want an open economy. And if you look at the weight of the Chinese economy in the world, you will understand that I need to trade with China.
Millay sat down with Bloomberg editor-in-chief John Micklethwaite on the sidelines of the World Economic Forum in Davos.
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