JPMorgan Admits Closing Trump Accounts Post January 6th
JPMorgan Chase has now admitted, in a court filing, to closing former President Donald Trump’s and his businesses’ accounts in February 2021. This acknowledgment comes in response to Trump’s $5 billion lawsuit alleging political motivations behind the “debanking” following the Jan. 6th Capitol attack. The bank’s filing states that it informed the plaintiffs of account closures by its private and commercial banks, a detail previously unconfirmed in writing by JPMorgan, which had cited privacy laws for its reticence. This admission is a significant development in the legal battle, with Trump’s legal team calling it a “devastating concession” that validates his claims of unlawful debanking and financial harm.