JPMorgan Formally Confirms Closing Trump Accounts
According to recently filed court documents, JPMorgan Chase shut down multiple accounts linked to former President Donald Trump and his businesses following the Capitol riot. This marks the first time the bank has officially acknowledged the action in writing.
Key Details Revealed by Senior Executive
Dan Wetzel, former chief administrative officer at JPMorgan, stated in the filing that Trump's accounts under both private and commercial banking were set to be closed in February 2021. The decision is believed to be tied to the events of January 6.
Trump Legal Team Reacts Strongly
A spokesperson for Trump’s legal team described the admission as 'a stunning concession,' suggesting it could play a significant role in the unfolding litigation. The case continues to move through the courts.