\n“JPMC does not close accounts for political or religious reasons,” she continued, “We do close accounts because they create legal or regulatory risk for the company. We regret having to do so but often rules and regulatory expectations lead us to do so. We have been asking both this administration and prior administrations to change the rules and regulations that put us in this position, and we support the Administration’s efforts to prevent the weaponization of the banking sector.” <\/p>\n<\/blockquote>\n\n\n\n
Trump had been a customer of JPMorgan for decades, and he and his affiliated entities “have transacted hundreds of millions of dollars” through JPMorgan Chase, according to the lawsuit. <\/p>\n\n\n\n
Trump\u2019s lawyer said Feb. 19, 2021, was the day that “forever altered the dynamic of the parties\u2019 relationship,” when the bank, allegedly “without warning or provocation,” notified Trump and his entities that several bank accounts they controlled, were beneficiaries of, and actively used to transact “would be closed just two months later, on April 19, 2021.”<\/p>\n\n\n\n
This is a breaking news story. Please check back for updates.<\/em>
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