Summary
JPMorgan Chase closed several bank accounts connected to President Donald Trump and his businesses in February 2021. This closure followed the events of January 6, 2021, at the U.S. Capitol. President Trump has filed a lawsuit against the bank, alleging the closure was politically motivated.
Key Facts
- JPMorgan Chase closed Trump’s accounts in February 2021 after the January 6 Capitol events.
- The accounts with JPMorgan Chase dated back to at least 1986.
- President Trump received a letter in February 2021 from JPMorgan notifying him of the account closures.
- JPMorgan gave a two-month period to transfer funds before closing the accounts fully by April 19, 2021.
- Trump filed a $5 billion lawsuit against JPMorgan, claiming political reasons for the closure.
- The lawsuit was initially filed in Florida, but JPMorgan wants it moved to federal court in New York.
- President Trump denied offering jobs to JPMorgan's CEO Jamie Dimon, contrary to some reports.
