Why Capital One says it really closed more than 300 of Trump’s accounts

A new court filing says months of anti-money-laundering analysis—not political pressure—led to the closure of hundreds of the Trump Organization’s accounts.

[Photos: Anna Moneymaker/Getty Images, Adobe Stock]

Trump’s family organization saw hundreds of accounts closed after a major bank found it was moving money around in a suspicious way.

In a new court filing, Capital One revealed that it closed the cluster of more than 300 bank accounts belonging to Trump and his family in 2021 after they were flagged over money-laundering concerns. The bank’s new disclosure only surfaced because the Trump Organization and Eric Trump sued the bank last year in federal court, claiming that it rejected the Trump family’s business for........

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