JPMorgan Chase for the first time confirms it closed Trump’s accounts after Jan. 6th Capitol attack

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.