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Trump Organization sues Capital One for closing its accounts

Image of President Donald Trump delivering a joint address to Congress.
Photo: Win McNamee/Getty Images

The bank and credit card lender has to defend itself in a lawsuit from a company owned by President Trump while also seeking merger approval from US antitrust authorities.

The Trump Organization is suing Capital One, alleging the bank closed its accounts over “woke” beliefs and for political and social reasons. It claims Capital One terminated over 300 of its accounts without cause in 2021 following the January 6, 2021, attack on the US Capitol in Washington, DC.

The account closures also came