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Trump's Company Sues 'Woke' Capital One for Canceling Accounts

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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 associated with his sprawling real estate business after his first term ended in 2021.
Donald Trump's company, the Trump Organization, has filed a lawsuit against Capital One Financial Corp., alleging that the bank canceled its accounts due to political motivations rather than financial reasons. The lawsuit claims that Capital One, described as "woke," abruptly terminated its relationship with the Trump Organization in an effort to distance itself from Trump's political image, which they argue is a breach of contract and an act of political discrimination. The suit seeks damages for the financial and reputational harm caused by the sudden closure of the accounts. Capital One has not yet publicly responded to the allegations. This legal action comes amidst a broader context of financial institutions reevaluating their relationships with politically controversial figures.

Read the Full Bloomberg Article at:
[ https://www.bloomberg.com/news/articles/2025-03-07/trump-s-company-sues-woke-capital-one-for-canceling-accounts ]