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Capital One says it closed Trump Organization accounts over money-laundering concerns

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.

Coverage from 2 publishers 2 source reports
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Capital One says it closed Trump Organization accounts over money-laundering concerns NPR – Politics
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2 publishers and 2 source reports documented this archived update.

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Capital One says it closed Trump Organization accounts over money-laundering concernsNPR – Politics
NPR

Capital One says it closed Trump Organization accounts over money-laundering concerns

Lead source Read at NPR
US
Guardian

Capital One says it closed Trump Organization’s accounts after anti-money-laundering review

Disclosure from 2021 investigation marks first time a bank has formally tied money-laundering concerns to Donald Trump Capital One Financial 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…

Supporting source Read at Guardian
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New York Archdiocese Agrees to Settle Sexual Abuse Claims for Over $800 MillionNYTimes – US
US Updating

New York Archdiocese Agrees $800m Abuse Settlement

The Archdiocese of New York has agreed to pay around $800 million to approximately 1,300 survivors of sexual abuse by clergy members and lay workers, according to attorneys and the archdiocese. The settlement, reported on 24–25 October 2026, is one of the largest clergy abuse payouts in the United States and may allow the archdiocese to avoid bankruptcy. It follows an $880 million settlement by the Archdiocese of Los Angeles in 2024.

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