JPMorgan Chase Acknowledges Closing Trump Accounts Following Capitol Attack

JPMorgan Chase has faced scrutiny for its business practices and dealings with high-profile clients, including former US President Donald Trump. Recently, court documents have revealed that the bank closed accounts tied to Trump in February 2021, citing concerns over his involvement in the January 6th Capitol attack.

According to the documents, JPMorgan informed Trump's team that certain commercial and private bank accounts would be closed due to 'certain circumstances' surrounding the incident. This decision marked a significant shift in the bank's relationship with the Trump family, who have since turned to alternative financial options, including cryptocurrency.

The move has sparked debate about the potential consequences of contentious political actions on business relationships and access to traditional banking services. While JPMorgan Chase has not publicly commented on the matter, the court documents provide insight into the bank's decision-making process in response to high-profile events.