JPMorgan Chase and Capital One are contesting lawsuits from U.S. President Donald Trump and his businesses, which allege the banks closed their accounts in 2021 for political reasons. The banks deny those claims. Capital One told a federal court that its closures followed an internal anti-money-laundering review, while JPMorgan says it does not close accounts on political grounds. Legal experts and banking sources say customer agreements generally give banks broad discretion to end relationships, but litigation could expose confidential deliberations and intensify tensions with Trump. Settling could create greater risks by encouraging similar claims from customers who say they were debanked (denied access to banking services), particularly as the Office of the Comptroller of the Currency examines about 100,000 complaints and the Justice Department investigates debanking allegations. Trump is seeking at least $5 billion from JPMorgan, while the Trump Organization and Eric Trump are seeking unspecified damages from Capital One. The banks have retained Jones Day and Debevoise & Plimpton, respectively, to defend the cases.