JPMorgan concedes it closed Trump's accounts after January 6 attack

JPMorgan Chase has confirmed that it closed accounts associated with former President Donald Trump following the Capitol riot on January 6, 2021. In a court filing, Dan Wilkening, the bank's former chief administrative officer, stated that they informed affected clients in February 2021 about the closure of certain accounts held with the bank's Commercial Banking (CB) and Private Banking (PB) divisions. This decision highlights the financial institution's stance on maintaining ethical standards in client relations, particularly in light of the events that unfolded during the insurrection. The closure of Trump's accounts marks a significant move by one of the largest banks in the United States, reflecting broader corporate accountability trends where companies are increasingly scrutinizing their associations with controversial figures. The implications of this decision resonate not only in the financial sector but also in the ongoing discussions around accountability and corporate governance in the wake of political unrest in the U.S.