Trump’s Company Sues ‘Woke’ Capital One for Canceling Accounts

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.

The Trump Organization had been doing business with Capital One for decades and was holding millions of dollars in its accounts when, “without warning or provocation,” the bank cut ties on March 8, 2021, according to the lawsuit, filed Friday in Florida state court. The termination of the accounts led to “considerable financial harm and losses,” interrupting the business’s access to banking services, the suit claims.

“Capital One’s unilateral decision came about as a result of political and social motivations and Capital One’s unsubstantiated, ‘woke’ beliefs that it needed to distance itself from President Trump and his conservative political views,” according to the complaint, which names Capital One N.A. as the defendant.

Capital One didn’t immediately respond to a message seeking comment on the suit.