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Capital One shuts Trump Organization's accounts after anti-money laundering probe

Capital One stated anti-money laundering concerns prompted account closures for the Trump Organization. The bank is seeking dismissal of a lawsuit alleging political debanking by the plaintiffs. Federal court previously dismissed two complaints, allowing amended versions to be filed. Capital One argues the allegations are misguided and lack full context. The bank's filing details months of analysis by its anti-money laundering team.

2 Aug 2026 7:34 am