JPMorgan concedes it closed Trump's accounts after Jan. 6 attack
3 days ago
- #Donald Trump
- #JPMorgan
- #Debanking
- JPMorgan Chase admitted to closing Donald Trump's accounts after the Jan. 6, 2021 Capitol attack.
- Trump sued JPMorgan for $5 billion, claiming political motives behind the account closures.
- The bank cited privacy laws but acknowledged the closures in a court filing.
- Trump's lawsuit includes allegations of trade libel and unfair trade practices.
- JPMorgan seeks to move the case to federal court in New York.
- Debanking, the central issue, has become politically charged, especially among conservatives.
- Trump's legal team claims JPMorgan placed him on a reputational 'blacklist'.
- This is not Trump's first lawsuit over debanking; he also sued Capital One in 2025.