JPMorgan Chase CEO Jamie Dimon has dismissed President Donald Trump's $5 billion lawsuit against his bank, stating that the case has no merit and that while he sympathizes with the president's anger over the incident, he believes banks are forced to debank individuals to comply with regulators who could punish companies for bringing reputational risk to a lender. Dimon also commented on the deregulatory push by Trump appointees that will enable banks to become more profitable and hold less capital for losses. The lawsuit was part of a broader campaign against Dimon and other companies, including Capital One, media outlets, and the IRS over alleged defamation.