Capital One says it closed Trump Organization accounts over money-laundering concerns
Capital One closed Trump Organization accounts in 2021 due to money-laundering concerns. The bank is asking a judge to dismiss a lawsuit from Trump-affiliated businesses. This is the first time a bank has tied money-laundering concerns to Donald Trump's family business.
Reported by 4 outlets — NPR News, The Guardian US, Al Jazeera, CNBC Top News. See all sources ↓
The bank is asking a judge to permanently dismiss a lawsuit from Trump-affiliated businesses, arguing a monthslong internal review — not the Jan. 6 riot — explains why hundreds of accounts were shut down in 2021.(Image credit: Alex Brandon)
Read the full report at NPR News ↗
Why it matters
Capital One is a bank in the US. It closed many accounts of the Trump Organization in 2021. The bank says it did this because of money-laundering concerns. Money laundering is when people hide money from the government. It's a crime.
- What's the story?
- Capital One closed Trump Organization accounts in 2021 due to money-laundering concerns. The bank is asking a judge to dismiss a lawsuit from Trump-affiliated businesses. This is the first time a bank has tied money-laundering concerns to Donald Trump's family business.
- How widely is it covered?
- 4 outlets, average source rating 7.8/10.
- When was it last updated?
- 40m ago.
How outlets are framing the same story
Here's how each outlet is covering the story — compare their headlines and timing at a glance.
- Coverage card4 outlets1CoverageScouting report
Capital One says it closed Trump Organization’s accounts after anti-money-laundering review
Sources4TypeCoverageNPR News
The Guardian US
Al Jazeera
CNBC Top News