JPMorgan Chase confirmed for the first time that it shut down the bank accounts of President Donald Trump and several of his business entities in the months following the January 6, 2021, Capitol riot. The disclosure was made in a court filing as part of the ongoing legal disputes related to “debanking.”
Trump has sued the bank and its CEO, Jamie Dimon, for $5 billion.
Trump has argued that the account closures were politically motivated and caused significant disruption to his business operations.
“In February 2021, JPMorgan informed Plaintiffs that certain accounts maintained with JPMorgan’s CB and PB would be closed,” wrote JPMorgan’s former chief administrative officer Dan Wilkening in the court filing.
According to the Associated Press, the “PB” and “CB” represents JPMorgan’s private bank and commercial bank.
Trending
- U.S. Expended Majority of THAAD Interceptors Defending Israel, Report Reveals
- Russia Requests UNSC Meeting After Ukraine’s Attack on College in Luhansk People’s Republic
- China Overtakes Germany as Spain’s Leading Supplier of Goods in Early 2026
- Omega-3s Associated with Reduced Heart Disease Risk and Cognitive Decline in Women Over 40, Report Says
- Study Links Healthier Sleep Patterns to Lower Cancer Risk, Identifies Protein Signature
- Stinging Nettles: Foraging and Use for Seasonal Allergy Relief
- Study Finds Curcumin Supplements Linked to Nine Health Benefits
- Study: Both Caffeinated and Decaf Coffee Linked to Improved Mood, Memory and Stress Reduction
