They’ll try, but Trump haters won’t be able to claim the Trump family is lying about this any longer. In court filings, that I’m sure JP Morgan was hoping would slip under the radar, they admit they DID debank President Trump’s private and commercial accounts.
JPMorgan Chase acknowledged for the first time that it closed the bank accounts of President Donald Trump and several of his businesses in the political and legal aftermath of the Jan. 6, 2021 attacks on the U.S. Capitol, the latest development in a legal saga between the president and the nation’s biggest bank over the issue known as “debanking.”
The acknowledgment came in a court filing submitted this week in Trump’s lawsuit against the bank and its leader, Jamie Dimon. The president sued for $5 billion, alleging that his accounts were closed for political reasons, disrupting his business operations.
“In February 2021, JPMorgan informed Plaintiffs that certain accounts maintained with JPMorgan’s CB and PB would be closed,” JPMorgan’s former chief administrative officer Dan Wilkening wrote in the court filing. The “PB” and “CB” stands for JPMorgan’s private bank and commercial bank.
I read Eric Trump’s book, Under Siege. In it he describes in great detail what happened when the banks (including JP Morgan) abruptly closed ALL their accounts. The First Republic Bank CEO claimed debanking the Trump family was “out of their control.” Then the rest of them followed.
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