JPMorgan concedes it closed Trump’s accounts after Jan. 6 attack
AP News • • business
Key Points:
- JPMorgan Chase has, for the first time, acknowledged closing President Donald Trump’s and several of his businesses' bank accounts in February 2021 following the Jan. 6 Capitol attack, as revealed in a court filing related to Trump’s $5 billion lawsuit against the bank.
- Trump alleges the account closures were politically motivated, disrupting his business operations, and claims JPMorgan placed him on a reputational “blacklist” used to prevent him from opening future accounts, though the specifics of this blacklist remain undefined.
- JPMorgan seeks to move the lawsuit from Florida state court to federal court in New York, arguing jurisdiction should be where the accounts were held and much of Trump’s business was conducted.
- The lawsuit is part of a broader,
