JPMorgan Chase has, for the first time, acknowledged that it closed bank accounts associated with US President Donald Trump in the aftermath of the 6 January 2021 attacks on the US Capitol. Up until now, the bank had not admitted to closing Trump's accounts after the 6 January insurrection, and the admission drew a sharp reaction from the US President's lawyers. "In a devastating concession that proves President Trump’s entire claim, JPMorgan Chase admitted to unlawfully and intentionally de-banking President Trump, his family, and his businesses, causing overwhelming financial harm,” Trump's lawyers said in a statement. Trump vs JPMorgan Trump's $5 billion lawsuit against JPMorgan Chase alleges that his accounts were closed for political reasons, which disrupted his business operations. This claim, however, has yet to be substantiated, with Trump's lawyers yet to define said 'blacklist'.

Source: Mint February 22, 2026 11:22 UTC