Documents Show JPMorgan Closed Trump Accounts in 2021

JPMorgan Chase notified former President Donald Trump and his hospitality business in February 2021 that it was closing their accounts, according to documents released Friday in a $5 billion lawsuit Trump filed against the bank and its CEO, Jamie Dimon.

The letters, dated February 19, 2021, did not specify a reason for the closures but stated that the bank sometimes determines a client's interests are no longer served by maintaining a relationship with J.P. Morgan Private Bank. The disclosures came as part of JPMorgan's motion to transfer the case from federal court in Miami to New York, where the accounts were based. The bank argued that the dispute's connections to New York warrant the change in venue.

Trump filed the lawsuit last month in Florida state court, accusing JPMorgan and Dimon of trade libel and violating Florida's Unfair and Deceptive Trade Practices Act. He alleged the bank singled him out for political reasons shortly after the January 6, 2021, attack on the U.S. Capitol by his supporters, placing him and his businesses on a reputational blacklist that restricted future banking access and caused significant financial harm. A spokesperson for Trump's legal team...