00:00It's Benzinga bringing Wall Street to Main Street.
00:02JPMorgan Chase told Trump and his hospitality business in February 2021 that it was closing
00:08their accounts, according to Reuters. Documents released Friday in Trump's $5 billion lawsuit
00:13show that JPMorgan's February 19, 2021, letters closing his accounts did not provide a specific
00:20reason. After the January 6, 2021, attack on the U.S. Capitol, several businesses cut ties with
00:27Trump, including two law firms and the PGA of America. One letter said the bank can determine
00:32that a client's interests are no longer served by maintaining a relationship with JPMorgan Private
00:38Bank. A spokesperson for JPMorgan did not immediately respond to a request for comment,
00:43nor did the bank's attorneys at Jones Day. The bank has previously said that Trump's suit
00:48is meritless. A spokesperson for Trump's legal team said the disclosed letters are a devastating
00:53concession that proves President Trump's entire claim. The bank is seeking to move the case
00:58from Miami federal court to New York. For all things money, visit Benzinga.com.
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