Bloomberg: Capital One Financial Corp. said it closed accounts belonging to President Donald Trump’s real estate company in 2021 for legitimate reasons after an internal review by the bank’s anti-money laundering team.
The bank made the revelation in a filing asking a judge to toss out a Trump Organization lawsuit accusing it of illegally “debanking” the president’s company because of political discrimination.
Capital One denies discriminating against Trump’s business and said the internal review was triggered by “transaction patterns” that are among the types of activity flagged by federal banking guidance…