Trump Org Sues Capital One Over Account Closures

The Trump Organization has filed a lawsuit against Capital One, accusing the bank of closing over 300 accounts in 2021 due to alleged political motives. Eric Trump claims the account closures were an attack on free speech and a result of 'woke' beliefs, asserting that the decision harmed the organization's financial operations. Capital One has denied these allegations, stating it does not close accounts for political reasons. The lawsuit, filed in Miami-Dade Circuit Court, seeks damages and aims to highlight what the Trump Organization sees as a growing trend of financial institutions 'de-banking' clients over political differences. The lawsuit also highlights broader concerns about the potential impact of such actions on businesses with political affiliations. Other financial institutions, such as Deutsche Bank and Signature Bank, have also severed ties with Trump following the Capitol attack in early 2021.