President Donald Trump’s company sued Capital One Financial Corp., accusing it of illegally “de-banking” him for political reasons by abruptly canceling hundreds of accounts for his sprawling real estate business after his first term ended in 2021.
The Trump Organization had been doing business with Capital One for decades and was holding millions of dollars with the bank when Capital One said on March 8 of that year it was cutting ties in three months, according to the lawsuit.
The termination of the accounts “without warning or provocation” led to “considerable financial harm and losses,” interrupting the business’s ...
