Trump versus Capital One

The Trump Organization has sued Capital One for closing its bank accounts. The organization claims the decision was political; Capital One says it was concerned about money laundering. The Indicator explores how banks make account-closure decisions and the role politics plays in them — highlighting that banks have broad discretion and typically don't need to explain themselves.

Listen to this story

Hear this and more stories in a personalized audio briefing.

Open The Chonkerton