JPMorgan concedes it closed Trump’s accounts after Jan. 6 amid $5B lawsuit
JPMorgan confirmed account closures about a month after Jan. 6, 2021, amid allegations of political motives and reputational blacklisting, with Trump suing for $5 billion.
- JPMorgan Chase said for the first time in a court filing that it closed bank accounts belonging to Donald Trump and several of his businesses following the Jan. 6, 2021 Capitol events, tying the move to the broader political and legal fallout.
- The disclosure came as part of Trump’s $5 billion lawsuit against the bank and its CEO, Jamie Dimon, in which he claims the accounts were shut for political reasons and harmed his business interests.
- In the filing, a former JPMorgan executive stated that the bank notified Trump’s entities in February 2021 that certain private and commercial bank accounts would be closed — marking the first time the bank has directly acknowledged taking that action.
17 Articles
17 Articles
JPMorgan admits it shuttered Trump’s accounts following Jan. 6 Capitol riot
JPMorgan Chase acknowledged for the first time that it closed the bank accounts of President Donald Trump and several of his businesses in the political and legal aftermath of the Jan. 6, 2021 attacks on the U.S. Capitol, the latest development in a legal saga over the controversial practice of “debanking.”
JPMorgan concedes it closed Trump's accounts after January 6 attack
In February 2021, JPMorgan informed Plaintiffs that certain accounts maintained with JPMorgan's CB and PB would be closed,” JPMorgan's former chief administrative officer Dan Wilkening wrote in the court filing.
JPMorgan Admits to Debanking Trump: Legal Battle Intensifies
JPMorgan Chase has acknowledged shutting down President Donald Trump's bank accounts post-January 6, 2021, raising the controversial issue of debanking. Trump has filed a $5 billion lawsuit against the bank, claiming it closed his accounts for political reasons and caused significant harm to his business operations.
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