Story perspectives

Trump Claims Political Motivation Behind JPMorgan Account Closures

2/25/2026

Summary

Story summary

U.S. President Donald Trump and his businesses had 50 JPMorgan Chase accounts closed in February 2021 after January 6 Capitol attack.
The court documents tie to Trump's $5 billion lawsuit against JPMorgan Chase, where he alleges the closures were politically motivated.
Trump's attorney says JPMorgan's admission supports his claim of unlawful de-banking.
JPMorgan Chase says the closures were due to legal risks, not political reasons, and denies placing Trump on a reputational blacklist.

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Story summary

U.S. President Donald Trump and his businesses had 50 JPMorgan Chase accounts closed in February 2021 after January 6 Capitol attack.
The court documents tie to Trump's $5 billion lawsuit against JPMorgan Chase, where he alleges the closures were politically motivated.
Trump's attorney says JPMorgan's admission supports his claim of unlawful de-banking.
JPMorgan Chase says the closures were due to legal risks, not political reasons, and denies placing Trump on a reputational blacklist.