Capital One says it closed Trump Organization's accounts after anti-money laundering probe

Capital One says anti-money laundering review prompted closure of more than 300 Trump-affiliated accounts Trump Organization and Eric Trump sued in March 2025, alleging political debanking Miami federal court tossed two complaints but let plaintiffs file amended versions SAN FRANCISCO, Aug 1 (Reuters) - Capital One Financial (COF.N), opens new tab hit back on Friday against a lawsuit over its decision to close ‌the Trump Organization's bank accounts years ago, stating that it did so after a review by anti-money laundering experts. The disclosure marks the first time a bank has formally tied money laundering concerns to U.S. President Donald...