JPMorgan Acknowledges Closing Trump's Accounts Post-Capitol Attack

JPMorgan Chase has confirmed that it closed President Donald Trump's personal and business accounts in February 2021, shortly after the January 6 attack on the U.S. Capitol. This acknowledgment came in a recent court filing amid ongoing legal proceedings initiated by Trump.

In the filing, JPMorgan's former chief administrative officer, Dan Wilkening, stated, "In February 2021, JPMorgan informed Plaintiffs that certain accounts maintained with JPMorgan's CB and PB would be closed." The bank did not specify the reasons for these closures.

President Trump has filed a $5 billion lawsuit against JPMorgan and its CEO, Jamie Dimon, alleging that the bank's actions were politically motivated and disrupted his business operations. The lawsuit claims that JPMorgan placed Trump and his businesses on a reputational "blacklist," preventing them from obtaining services from other financial institutions.

JPMorgan has previously stated that it does not close accounts for political or religious reasons but does so when accounts pose legal or regulatory risks. The bank has described Trump's lawsuit as without merit.

The case is currently undergoing legal proceedings, with JPMorgan seeking to move the lawsuit from Florida state court to federal court in New York.