Capital One states in a court filing that it closed former President Donald Trump’s bank accounts in 2021 due to concerns about possible money laundering, according to reporting by PBS NewsHour and NDTV. The filing is connected to a lawsuit in which one of Trump’s financial holding companies challenges Capital One’s actions. The lawsuit is described as being filed shortly after Trump is sworn into office for a second time. Both outlets present the closure as occurring in 2021 and link the bank’s stated rationale to compliance concerns rather than other specific allegations. The coverage centers on what Capital One says in the court record, while the underlying dispute involves Trump’s holding company contesting the decision. The reports do not provide additional details in the excerpts about what transactions prompted the review, the specific accounts involved, or what remedies the plaintiffs seek. The situation remains part of ongoing litigation associated with Capital One and Trump-linked entities.
Capital One says it closed Trump bank accounts over possible money laundering concerns
Capital One states in a court filing that it closed former President Donald Trump’s bank accounts in 2021 due to concerns about possible money laundering, according to reporting by PBS NewsHour and ND...
- Capital One says it closed Donald Trump’s bank accounts in 2021.
- Capital One attributes the closures to concerns about possible money laundering.
- The court filing is connected to a lawsuit brought by a Trump financial holding company against Capital One.
- The lawsuit is reported to have been filed shortly after Trump’s second inauguration.
- The reporting cites the dispute as ongoing and focused on the bank’s rationale in court filings.
The court filing is tied to a lawsuit filed against Capital One by one of Trump's financial holding companies shortly after he was sworn into office a second time.
3 hours agoThe court filing is tied to a lawsuit filed against Capital One by one of Trump's financial holding companies shortly after he was sworn into office a second time.
3 hours ago
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