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JPMorgan concedes it closed Trump’s accounts after Jan. 6 amid $5B lawsuit

JPMorgan Chase admitted closing Trump and affiliated business accounts after the Capitol attack, amid a $5 billion lawsuit alleging politically motivated debanking.

  • On February 22, 2026, JPMorgan Chase acknowledged in a court filing this week that it closed President Donald Trump's accounts after the Jan. 6, 2021 attack on the U.S. Capitol.
  • The bank's Feb. 19, 2021 letters to Trump Organization officials said certain commercial and private bank accounts would be closed and gave a two-month transfer window, noting `We will continue to maintain your Accounts and related services until April 19, 2021,' Jeffrey McConney added.
  • Trump's complaint argues JPMorgan placed him on a reputational 'blacklist' and seeks damages, alleging the closures were politically motivated and disrupted his business operations.
  • In motions filed this week, JPMorgan argued that New York is the proper forum because the accounts were located there and declined further comment beyond filings, its spokeswoman said.
  • Court records show Trump's accounts at JPMorgan date back to at least 1986, and the dispute feeds into a broader debanking debate as conservative politicians allege discrimination; this follows similar litigation against Capital One.
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Forbes broke the news in United States on Saturday, February 21, 2026.
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