Capital One has asked a US federal judge to dismiss a lawsuit brought by the Trump Organization and Eric Trump, arguing that around 385 accounts held by the group and affiliated businesses were closed in mid-2021 following a lengthy anti-money-laundering review, not for political reasons. The case is significant because it forms part of a wider dispute over so-called "debanking" of politically prominent or controversial customers, an issue Donald Trump has personally targeted through policy since returning to office.

In a motion filed on Friday, Capital One's lawyers told Judge Roy Altman that the closures followed a "monthslong" review by its financial-crimes team, and that the bank gave the Trump entities months, plus several extensions, to move their money elsewhere. The Trump Organization, whose affiliated businesses include a winery, a bottled-water company and a golf course developer, had banked with Capital One for more than a decade and claims in an amended complaint filed in July that the anti-money-laundering rationale was a pretext for retaliation after the 6 January Capitol riot. A similar lawsuit was filed against JPMorgan Chase in January, and Trump signed an executive order in August 2025 aimed at curbing banks' ability to deny services on political grounds.