Capital One clarifies on Trump's bank a/c closure
Capital One closed bank accounts held by former President Donald Trump in 2021 due to flagged financial activity resembling money laundering, according to a recent court filing. Trump claims the closures were politically motivated following the January 6 Capitol attacks, while Capital One seeks to dismiss the lawsuit, asserting compliance with anti-money laundering regulations. The former president has also sued JPMorgan Chase for similar reasons, seeking $5 billion in damages.