{"id":2572569,"date":"2026-02-23T11:43:01","date_gmt":"2026-02-23T16:43:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/jpmorgan-makes-humiliating-admission-in-trumps-5-billion-debanking-lawsuit\/"},"modified":"2026-02-23T11:45:27","modified_gmt":"2026-02-23T16:45:27","slug":"jpmorgan-makes-humiliating-admission-in-trumps-5-billion-debanking-lawsuit","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/jpmorgan-makes-humiliating-admission-in-trumps-5-billion-debanking-lawsuit\/","title":{"rendered":"JPMorgan Makes Humiliating Admission in Trump\u2019s $5 Billion Debanking Lawsuit"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fjpmorgan-makes-humiliating-admission-in-trumps-5-billion-debanking-lawsuit%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2572569&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>JPMorgan Chase has admitted that it closed President Donald Trump\u2019s bank accounts after the January 6, 2021 Capitol attack. The disclosure follows Trump\u2019s $5 billion lawsuit against the bank and its CEO, Jamie Dimon, in which he claims the closures were politically motivated and harmed his business operations. The February 2021 letter cited in the filing told The Trump Corporation to transfer its accounts and noted the bank would continue to provide services only until April 19, 2021. Trump\u2019s lawyers called the admission a devastating concession that confirms his debanking claims. The article also notes similar debanking allegations against Capital One and includes commentary from supporters and critics on social media. The piece cites CNBC and Newsweek as sources and contains various <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/in-tribute-to-charlie-kirk-kid-rock-calls-on-people-to-dust-off-bible-look-to-jesus-during-super-bowl-halftime-show\/\" title=\"In Tribute to Charlie Kirk, Kid Rock Calls on People to &#039;Dust Off Bible&#039; Look to Jesus During Super Bowl Halftime Show\">embedded media elements<\/a> and advertisements typical of the publication\u2019s format.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<section> \t\t\t\t<script>console.log(\"ad slot (AC1)\")<\/script><script>console.log(\"ad slot (IC1)\")<\/script><script>console.log(\"ad slot (IC2)\")<\/script><script>console.log(\"ad slot (IC3)\")<\/script><script>console.log(\"ad slot (IC4)\")<\/script><\/p>\n<p>JPMorgan Chase has admitted that it closed President Donald Trump&rsquo;s bank accounts after the Jan. 6, 2021, incursion at the U.S. Capitol.<\/p>\n<p>Trump has sued the bank and its CEO, Jamie Dimon, for $5 billion, according to <a href=\"https:\/\/www.cnbc.com\/2026\/02\/21\/jpmorgan-concedes-it-closed-trumps-accounts-after-jan-6-attack.html\" target=\"_blank\" rel=\"noopener\">CNBC<\/a>.<\/p>\n<p>Trump&rsquo;s lawsuit alleged that his accounts were closed due to political reasons, which impacted his businesses.<\/p>\n<p>&ldquo;In a devastating concession that proves President Trump&rsquo;s entire claim, JPMorgan Chase admitted to unlawfully and intentionally de-banking President Trump, his family, and his businesses, <a href=\"https:\/\/amzn.to\/3YuVZYV\" >causing overwhelming financial harm<\/a>,&rdquo; Trump&rsquo;s lawyers said in a statement.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Congress needs to pass a law that banks CANNOT de-bank customers. They did that sh*t to Kanye as well. A bank is not a standard business, it is an institutional foundation for commerce and people can&rsquo;t just be kicked out just because the bank doesn&rsquo;t like them.<\/p>\n<p>&mdash; RedZone (@RedZone74459572) <a href=\"https:\/\/twitter.com\/RedZone74459572\/status\/2025935523915677730?\">February 23, 2026<\/a><\/p>\n<\/blockquote>\n<p> <script type=\"text\/javascript\"> \t\t\tif ( getCookie( \"ff_subbed\" ) ) { \t\t\t\tdocument.getElementById(\"anyclipvideo\").remove() \t\t\t} else { \t\t\t\tdocument.addEventListener(\"DOMContentLoaded\", function() { \t\t\t\t\tfunction loadAnyclip() { \t\t\t\t\t\tconst container=document.getElementById(\"anyclipvideo\"); \t\t\t\t\t\tif (!container) return;  \t\t\t\t\t\tconst script=document.createElement(\"script\"); \t\t\t\t\t\tscript.src=\"https:\/\/player.anyclip.com\/anyclip-widget\/lre-widget\/prod\/v1\/src\/lre.js\"; \t\t\t\t\t\tscript.setAttribute(\"pubname\", \"westernjournalcom\"); \t\t\t\t\t\tscript.setAttribute(\"widgetname\", \"001w000001jULVcAAO_M12924\");  \t\t\t\t\t\t\/\/ append inside the container so player shows in correct spot \t\t\t\t\t\tcontainer.appendChild(script); \t\t\t\t\t} \t\t\t\t\tfunction findPreviousParagraph(selector, x) { \t\t\t\t\t\tconst targetElement=document.querySelector(selector); \t\t\t\t\t\tif (!targetElement) { \t\t\t\t\t\t\tconsole.warn(\"Target element not found.\"); \t\t\t\t\t\t\treturn null; \t\t\t\t\t\t}  \t\t\t\t\t\t\/\/ Get all <\/p>\n<p> elements in order as they appear in the document \t\t\t\t\t\tlet paragraphs=Array.from(document.querySelectorAll(\"p\"));  \t\t\t\t\t\t\/\/ Find the index of the last <\/p>\n<p> before the target element \t\t\t\t\t\tlet targetIndex=paragraphs.findIndex(p=> p.compareDocumentPosition(targetElement) & Node.DOCUMENT_POSITION_PRECEDING);  \t\t\t\t\t\tif (targetIndex===-1 || targetIndex <x) { \t\t\t\t\t\t\tconsole.warn(\"Not enough paragraphs before the target element.\"); \t\t\t\t\t\t\treturn null; \t\t\t\t\t\t}  \t\t\t\t\t\treturn paragraphs[targetIndex - x]; \t\t\t\t\t}  \t\t\t\t\t\/\/ Set up IntersectionObserver \t\t\t\t\tfunction observeElement(element) { \t\t\t\t\t\tif (!element) return;  \t\t\t\t\t\tconst observer=new IntersectionObserver( \t\t\t\t\t\t\t(entries)=> { \t\t\t\t\t\t\t\tentries.forEach(entry=> { \t\t\t\t\t\t\t\t\tif (entry.isIntersecting) { \t\t\t\t\t\t\t\t\t\tconsole.log(\"Paragraph is now visible:\", entry.target.textContent.trim()); \t\t\t\t\t\t\t\t\t\tloadAnyclip(); \t\t\t\t\t\t\t\t\t\tobserver.disconnect(); \t\t\t\t\t\t\t\t\t} \t\t\t\t\t\t\t\t}); \t\t\t\t\t\t\t}, \t\t\t\t\t\t\t{ threshold: 0.5 } \/\/ Adjust threshold as needed \t\t\t\t\t\t);  \t\t\t\t\t\tobserver.observe(element); \t\t\t\t\t}  \t\t\t\t\t\/\/ Find the 1st paragraph before #anyclipvideo and observe it \t\t\t\t\tlet paragraphToObserve=findPreviousParagraph(\"#anyclipvideo\", 2); \t\t\t\t\tobserveElement(paragraphToObserve); \t\t\t\t}); \t\t\t} \t\t<\/script> <\/p>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>&ldquo;President Trump is standing up for all those wrongly debanked by JPMorgan Chase and its cohorts, and will see this case to a just and proper conclusion,&rdquo; the statement said.<\/p>\n<p>JPMorgan&rsquo;s former <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/capitol-hill-tech-vendor-hit-with-ransomware-attack\/\" title=\"... Hill Tech Vendor Hit With Ransomware Attack\">chief administrative officer<\/a>, Dan Wilkening, wrote in the filing that &ldquo;in February 2021, JPMorgan informed Plaintiffs that certain accounts maintained with JPMorgan&rsquo;s CB and PB would be closed.&rdquo;<\/p>\n<p>&ldquo;PB&rdquo; stands for &ldquo;private bank,&rdquo; while &ldquo;CB&rdquo; stands for &ldquo;commercial bank.&rdquo;<\/p>\n<p>This was the first time the bank admitted to closing Trump&rsquo;s accounts.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">America&rsquo;s largest bank ADMITS to DE-BANKING Trump.<\/p>\n<p>They admitted it because Trump has sued them.<\/p>\n<p>More WINNING for Trump. <a href=\"https:\/\/t.co\/kX97CKjlos\">pic.twitter.com\/kX97CKjlos<\/a><\/p>\n<p>&mdash; Mila Joy (@Milajoy) <a href=\"https:\/\/twitter.com\/Milajoy\/status\/2025340076516147202?\">February 21, 2026<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The filing said the February 2021 letter revealed that JPMorgan &ldquo;has decided to close its banking relationship with The Trump Corporation and its affiliated entities,&rdquo; according to <a href=\"https:\/\/www.newsweek.com\/jp-morgan-chase-breaks-silence-trump-debanking-controversy-11562013\" target=\"_blank\" rel=\"noopener\">Newsweek<\/a>.<\/p>\n<p>&ldquo;Please transfer your Accounts to another institution, or let us know where we should transfer the holdings in your Accounts, as soon as possible,&rdquo; the letter said.<\/p>\n<p>&ldquo;We will continue to maintain your Accounts and related services until April 19, 2021,&rdquo; it added.<\/p>\n<p>Trump has claimed that he spoke to Dimon about what was taking place, and that Dimon assured Trump he would discern what was happening, according to CNBC.<\/p>\n<p>The lawsuit alleged Dimon then did nothing.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">BREAKING: JPMorgan Admits It Shut Trump&rsquo;s Accounts After Jan. 6 Capitol Attack<\/p>\n<p>Nation&rsquo;s largest bank, in response to a lawsuit filed by the president, confirmed his longstanding complaint about &ldquo;debanking.&rdquo;<\/p>\n<p>Per the New York Times: &ldquo;For years, President Trump has complained that&hellip; <a href=\"https:\/\/t.co\/V2Pa20vYiC\">pic.twitter.com\/V2Pa20vYiC<\/a><\/p>\n<p>&mdash; Steve Guest (@SteveGuest) <a href=\"https:\/\/twitter.com\/SteveGuest\/status\/2025288108585955450?\">February 21, 2026<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Trump&rsquo;s lawyers argued that JPMorgan put Trump and his businesses on what was termed a &ldquo;blacklist&rdquo; that JPMorgan and other banks keep to ensure those on the list cannot open accounts at their institutions.<\/p>\n<p>Trump has <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/russia-admits-to-using-thermobaric-bombs-in-ukraine\/\" title=\"Russia Admits to Using Thermobaric Bombs in Ukraine\">made similar allegations<\/a> against Capital One. His lawsuit against the company is pending.<\/p>\n<div style=\"position: relative;\">\n<div class=\"ff-fancy-header-container\"> \t\t\t \t<\/div>\n<div class=\"entry-submit-correction inner-content\">\n<div class=\"correction-form\">\n<form style=\"display: none;\">\n<div class=\"sc-name-field\"> \t\t\t\t\t\t<label>* Name<\/label> \t\t\t\t\t\t<br \/> \t\t\t\t\t\t<input type=\"text\" name=\"name\" required> \t\t\t\t\t<\/div>\n<div class=\"sc--field\"> \t\t\t\t\t\t<label>* <\/label> \t\t\t\t\t\t<br \/> \t\t\t\t\t\t<input type=\"text\" name=\"\" required> \t\t\t\t\t<\/div>\n<p> \t\t\t\t\t<label>* Message<\/label> \t\t\t\t\t<br \/> \t\t\t\t\t<textarea name=\"message\" required><\/textarea> \t\t\t\t\t \t\t\t\t\t<\/p>\n<div class=\"required-message\" style=\"display: none; padding-bottom: 15px;\">* All fields are required.<\/div>\n<p> \t\t\t\t\t<input type=\"submit\" value=\"Submit\" onclick=\"event.preventDefault(); firefly_sc();\"> \t\t\t\t\t \t\t\t\t\t<\/p>\n<div class=\"firefly-sc-confirm\" style=\"display: none;\">Success!<\/div>\n<\/p><\/form>\n<\/p><\/div>\n<\/p><\/div>\n<p> \t\t<script> \t\t\tfunction firefly_sc() { \t\t\t\tif( typeof window.captchaPublicKey==typeof undefined ){ \t\t\t\t\tconsole.error('window.captchaPublicKey is not defined'); \t\t\t\t} \t\t\t\tgrecaptcha.execute( window.captchaPublicKey, { action: 'submit_correction' } ).then( function( token ) { \t\t\t\t\tvar opts={ \t\t\t\t\t\taction:    'firefly_sc_submit', \t\t\t\t\t\tname:      document.querySelector( '.entry-submit-correction [name=\"name\"]' ).value, \t\t\t\t\t\t:     document.querySelector( '.entry-submit-correction [name=\"\"]' ).value, \t\t\t\t\t\tmessage:   document.querySelector( '.entry-submit-correction [name=\"message\"]' ).value, \t\t\t\t\t\tpost_id:   firefly_post_id, \t\t\t\t\t\tcap_token: token \t\t\t\t\t}  \t\t\t\t\tvar inputs=[ 'name', '', 'message' ];  \t\t\t\t\tfor( var i=0; i <inputs.length; i++ ) if( ! ( opts[inputs[i]]=document.querySelector( '.entry-submit-correction [name=\"' + inputs[i] + '\"]' ).value ) ) { \t\t\t\t\t\tdocument.querySelector( '.entry-submit-correction .required-message' ).style.display='block'; \t\t\t\t\t\treturn; \t\t\t\t\t}  \t\t\t\t\tdocument.querySelector( '.entry-submit-correction input[type=\"submit\"]' ).style.display='none'; \t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-submitting-img' ).src=firefly_loading_gif_url; \t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-submitting-img' ).style.display='inline-block';  \t\t\t\t\tconsole.log( 'ma subbing' );  \t\t\t\t\tif( firefly_post_id ) opts['post_id']=firefly_post_id;  \t\t\t\t\t\/* Send the data using post with element id name and name2*\/ \t\t\t\t\tvar posting=jQuery.post( firefly_ajax_url, opts );  \t\t\t\t\t\/* Alerts the results *\/ \t\t\t\t\tposting.done( function( response ) { \t\t\t\t\t\tif( response.success ) { \t\t\t\t\t\t\tconsole.log( response.data ); \t\t\t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-submitting-img' ).style.display='none'; \t\t\t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-confirm' ).style.display='block';  \t\t\t\t\t\t\tdataLayer.push( { 'event': 'submit-correction' } ); \t\t\t\t\t\t} \t\t\t\t\t}); \t\t\t\t}); \t\t\t} \t\t<\/script> \t     \t\t\t\t\t\t     \t\t\t\t\t<\/div>\n<p style=\"border: 1px solid #f5f5f5; padding: 16px;\">Advertise with The Western Journal and reach millions of highly engaged readers, while supporting our work. <a href=\"https:\/\/www.westernjournal.com\/advertise-us\/?wj_source=article\">Advertise Today<\/a>.<\/p>\n<p><script>console.log(\"ad slot (BA1)\")<\/script> \t\t<\/p>\n<div class=\"ff-fancy-header-container\"> \t\t\t \t<\/div>\n<\/section>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>JPMorgan Chase has acknowledged that it closed Donald Trump\u2019s bank accounts after the January 6 Capitol attack. Trump has sued the bank and CEO Jamie Dimon for $5 billion, claiming the closures were politically motivated and harmed his business interests. Trump\u2019s lawyers described the bank\u2019s admission as a devastating concession that proves his allegations of unlawful, intentional debanking of him, his family, and his companies, causing significant financial harm. They argue that Congress should pass a law prohibiting banks from debanking customers, mentioning that similar actions were taken against Kanye West. In February 2021, JPMorgan informed The Trump Corporation and related entities that their accounts would be closed and urged transfers to another institution, while allowing continued service until April 19, 2021. Trump says he spoke with Dimon about the situation, and that Dimon assured him he would look into it, though Trump\u2019s side contends Dimon did nothing. The New York Times and others have noted that Trump has long complained about debanking; the bank described the dispute as part of a broader debate over access to banking for controversial customers. Trump\u2019s lawyers have argued that JPMorgan maintains a \u201cblacklist\u201d to prevent certain individuals from opening accounts, a claim similar to allegations he has made against Capital One, though related suits are still unresolved<\/p>\n","protected":false},"author":1,"featured_media":2572570,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2026\/02\/Ben-Working-Feature-Image-2026-02-23T100921.960.jpg","fifu_image_alt":"","footnotes":""},"categories":[33651],"tags":[74355,26551,12519,4585,3634],"class_list":["post-2572569","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-western-journal","tag-bankingnews","tag-debanking","tag-jpmorgan","tag-lawsuit","tag-trump"],"fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2026\/02\/Ben-Working-Feature-Image-2026-02-23T100921.960.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2572569","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2572569"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2572569\/revisions"}],"predecessor-version":[{"id":2572573,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2572569\/revisions\/2572573"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2572570"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2572569"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2572569"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2572569"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}