JPMorgan concedes it closed Trump’s accounts after Jan. 6 attack

JPMorgan Chase has acknowledged in a court filing that it closed Donald Trump's and his businesses' bank accounts following the January 6, 2021, attack on the U.S. Capitol. This admission comes as part of Trump's $5 billion lawsuit against the bank and its CEO, Jamie Dimon, alleging political motivation behind the closures and disruption to his business operations. The bank had previously avoided directly confirming the account closures, citing privacy laws. JPMorgan is now seeking to move the case from Florida state court to federal court in New York, where the accounts were located and Trump previously conducted much of his business. Trump's lawsuit accuses JPMorgan of trade libel and unfair trade practices, claiming the bank placed him on a reputational "blacklist" hindering his ability to open accounts elsewhere.

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