JPMorgan Chase acknowledged for the first time that it closed the bank accounts of President Donald Trump and several of his businesses in the political and legal aftermath of the Jan. 6, 2021, attacks on the U.S. Capitol, the latest development in a legal saga over the controversial practice of “debanking.” The acknowledgment came in a court filing submitted this week in Trump’s lawsuit against the bank and its leader, Jamie Dimon. The president sued for $5 billion, alleging that his accounts were closed for political reasons, disrupting his business operations. “In February 2021, JPMorgan informed Plaintiffs that ... (full story)