"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 between the president and the nation's biggest bank over the issue known as "debanking." The acknowledgment came in a court filing submitted this week in Trump's lawsuit against the bank and its leader, Jamie Dimon."
"Until now, JPMorgan has never admitted it closed the president's accounts in writing after Jan. 6. The bank would only speak hypothetically about when the bank closes accounts and its reasons for closing accounts, citing bank privacy laws. A spokeswoman for the bank declined to comment beyond what the bank said in its legal filings. Trump originally sued JPMorgan in Florida state court, where Trump's primary residence is now located."
JPMorgan Chase acknowledged in a court filing that it closed President Donald Trump’s personal and several business accounts in the aftermath of the Jan. 6, 2021 Capitol attacks. The filing notes the bank informed plaintiffs in February 2021 that certain accounts maintained with JPMorgan's commercial bank and private bank would be closed. Trump sued for $5 billion, alleging politically motivated closures disrupted his operations and claiming trade libel and unfair and deceptive practices. JPMorgan is seeking to move the case from Florida state court to federal court and to shift jurisdiction to New York. A bank spokeswoman declined further comment.
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