JPMorgan concedes it closed Trump’s accounts after Jan. 6 attack - AP News
AP News
February 21, 2026
AI-Generated Deep Dive Summary
JPMorgan Chase has acknowledged that it closed former President Donald Trump’s accounts following the Jan. 6 attack on the U.S. Capitol. The decision, made after the violent insurrection, was part of a broader move by major financial institutions to distance themselves from figures associated with the event. While JPMorgan did not explicitly state that Trump’s account closures were linked to his actions or rhetoric, the timing raised questions about the bank’s response to the political climate.
The decision to close Trump’s accounts came amid heightened scrutiny of financial institutions’ relationships with controversial figures. Following Jan. 6, several major banks, including JPMorgan, faced public pressure and legal challenges over their ties to individuals linked to the attack. While JPMorgan has not provided specific details about its reasoning for closing Trump’s accounts, the timing suggests a potential alignment with broader trends of deplatforming.
Trump has been vocal in his criticism of the banking industry’s actions, accusing them of engaging in “weaponized” financial strategies against him. His legal team has also filed lawsuits against banks, alleging discrimination and improper account closures. These developments have added fuel to the ongoing debate over the role of businesses in political discourse.
The situation highlights the delicate balance financial institutions face between maintaining profitability and addressing public and regulatory expectations. As JPMorgan and other banks navigate this terrain, they must weigh the potential risks of association with high-profile individuals against their business interests.
For readers interested in business, politics, or the intersection of finance and activism, this story underscores the evolving dynamics between corporate entities and public figures. It also raises important questions about accountability, free speech, and the role of private companies in shaping political narratives.
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Originally published on AP News on 2/21/2026