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JPMorgan and Capital One Fight Trump Lawsuits

JPMorgan Chase and Capital One are actively fighting lawsuits brought by U.S. President Donald Trump alleging politically motivated account closures. Legal experts note that settling could expose the banks to a wave of additional customer lawsuits and heightened regulatory scrutiny.

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FILE PHOTO: JPMorgan Chase logo appears in this illustration created on December 1, 2025. REUTERS/Dado Ruvic/Illustration/File Photo

JPMorgan Chase & Co and Capital One Financial Corp are defending against lawsuits filed by U.S. President Donald Trump over account closures, risking political animus rather than settling. The legal confrontation stems from decisions by both lenders to shutter Trump-associated accounts in 2021 following internal reviews. For global investors, the litigation avoids setting a precedent that could invite thousands of similar debanking claims from other customers.
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