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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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Banking Giant JPMorgan Acknowledges Shutting Donald Trump Accounts After Jan. 6 Capitol Riot - JPMorgan Chase (NYSE:JPM)
JPMorgan Chase & Co. (NYSE: JPM) acknowledged in a court filing that it shut down bank accounts tied to President Donald Trump and several of his businesses after the Jan. 6, 2021, Capitol riot, a point now sitting at the center of Trump's $5 billion lawsuit against the lender and its chief executive.
·New York, United States
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Coverage Details
Total News Sources101
Leaning Left23Leaning Right21Center39Last UpdatedBias Distribution47% Center
Bias Distribution
- 47% of the sources are Center
47% Center
L 28%
C 47%
R 25%
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