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1 month ago

JPMorgan admits closing Trump accounts after Jan 6 Capitol riot as $5B lawsuit alleges political ‘debanking’

JPMorgan Chase Bank recently admitted it closed President Donald Trump's bank accounts following the Jan. 6, 2021 breach of the U.S. Capitol, a confession spurred by a $5 billion legal challenge from the president last month.The suit, brought against the bank and its CEO, Jamie Dimon, in Miami state court, accused the financial institution of debanking Trump for political reasons.In a new court filing, Dan Wilkening, chief administrative officer for global banking at JPMorgan, confirmed that in February 2021, the bank informed Trump and several of his hospitality companies that certain account...

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1 month ago
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