Trump Sues Banks Over Account Closures | Business and Finance News

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Recorded10 Sep 2026

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JPMorgan and Capital One are defiantly standing their ground against Donald Trump’s lawsuits, which claim the banks shut down his accounts for political reasons in 2021. Trump seeks unspecified damages from Capital One and a staggering $5 billion from JPMorgan, but both banks insist the closures were based on legitimate anti-money-laundering reviews—not politics. Trump’s camp calls these justifications a cover-up, while legal experts say the banks have strong legal footing—but fighting the former president comes with risks: exposing internal processes and inviting more lawsuits from others who feel targeted. Historically, Republicans have blamed Wall Street for “woke” policies, and Trump has stoked that narrative, with his son Eric filing a similar suit against Capital One after January 6th. Both banks rely on broad legal discretion to close accounts, citing compliance and regulatory guidance. They’re backed by top-tier law firms, aware that settling could open the floodgates to more litigation—and possibly deeper scrutiny from regulators. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/889ad680fcb3ca62

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