JPMorgan admits to closing Trump’s accounts after Jan. 6 Capitol attack
The Hill
by Max RegoFebruary 22, 2026
AI-Generated Deep Dive Summary
JPMorgan Chase has acknowledged closing former President Donald Trump's bank accounts following the January 6, 2021, Capitol attack. The decision was revealed in a court filing submitted by JPMorgan during Trump's ongoing lawsuit against the bank. In the filing, Dan Wilkening, JPMorgan's former chief administrative officer, stated that the bank informed Trump of the account closures in February 2021.
The move raises questions about corporate accountability and the implications of businesses taking sides in political disputes. JPMorgan's decision to sever ties with Trump came amid widespread condemnation of his actions following the Capitol riot. This incident highlights the challenges banks face in balancing their policies with public sentiment, particularly when dealing with high-profile figures like former presidents.
The matter is significant for several reasons. It underscores the delicate balance between corporate interests and political involvement, as well as the potential legal repercussions for both JPMorgan and Trump. The case also touches on broader debates about free speech versus contractual obligations, setting a precedent that could influence how businesses interact with political figures in the future.
This situation is particularly relevant to readers interested in politics due to its implications on corporate behavior and its potential impact on U.S. democracy. It serves as a reminder of the power corporations hold in influencing public discourse and policy decisions.
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Originally published on The Hill on 2/22/2026