economy
February 22, 2026
JPMorgan admits it closed Trump's accounts shortly after Jan. 6
JPMorgan Chase has admitted it closed President Donald Trump‘s accounts shortly after the Jan. 6 Capitol riot, in what is the first public acknowledgment from the bank that it did so.
TL;DR
- JPMorgan Chase admitted in a court filing that it closed Donald Trump's accounts in February 2021.
- The account closures occurred shortly after the January 6th Capitol riot.
- This is the first public acknowledgment from the bank regarding these closures.
- Donald Trump is suing JPMorgan Chase and CEO Jamie Dimon for $5 billion, alleging "debanking" and political discrimination.
- JPMorgan denies closing accounts for political reasons, citing legal and regulatory risks as the cause.
- The bank is attempting to have Jamie Dimon removed from the lawsuit, claiming his inclusion is strategic and lacks factual basis.
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