Power Shift

JPMorgan Chase Concedes for First Time It Closed Trump Accounts After Capitol Attack

Sourced from 4 publications

  • JPMorgan Chase confirmed for the first time that it closed Trump's personal and business bank accounts following the January 6, 2021, Capitol attack, according to multiple reports.
  • The admission came in response to a lawsuit Trump filed against the bank over the practice of 'debanking,' which he has long criticized.
  • The account closures affected several of Trump's businesses in addition to his personal accounts, according to the Associated Press.
  • The acknowledgment represents the latest development in a broader legal saga between the president and the nation's biggest bank over controversial client termination practices.

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