JP Morgan Chase Admits to Closing Trump’s Accounts After Capitol Riot

National Review

by Andrew C. McCarthy

February 26, 2026

AI-Generated Deep Dive Summary

JP Morgan Chase has confirmed that it closed former President Donald Trump’s accounts following the Capitol Riot in January 2021. The decision was driven by the bank’s focus on managing risk, particularly given the volatile political environment surrounding Trump’s activities and rhetoric. This move comes amid heightened scrutiny of financial institutions’ relationships with high-profile figures, especially those tied to controversial events. The bank’s reasoning highlights its commitment to prioritizing safety and security over political ties. Chase emphasized that its decision was not motivated by partisan considerations but rather by an assessment of the risks associated with maintaining Trump’s accounts. This approach aligns with broader trends in the financial industry, where institutions are increasingly evaluating their exposure to potential legal, reputational, or operational risks. For readers interested in politics, this development underscores the growing influence of risk management in shaping corporate decisions, particularly in industries like finance that play a critical role in supporting political figures and movements. The closure of Trump’s accounts also raises questions about how other major banks and institutions will respond to similar situations in the future, potentially setting a precedent for balancing business interests with societal and political considerations. This situation highlights the delicate balance financial institutions must strike between serving clients effectively and managing reputational risks, especially when those clients are tied to controversial or high-stakes events. As Trump continues to remain a prominent figure in U.S. politics, this decision could have implications not only for Chase but also for other banks and businesses that interact with him. Ultimately, the closure of Trump’s accounts reflects the evolving landscape of corporate responsibility and risk management in the modern era, where political ties can no longer be neatly separated from business decisions. This story will likely continue to resonate in the context of ongoing debates about money, power, and influence in American politics.

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Originally published on National Review on 2/26/2026