Yes, JPMorgan did debank Trump and his family in 2021.

Not a well-kept secret, but they certainly did not want to admit what they did.

The bank admitted on Friday that “more than 50 Trump accounts” were cut off in February 2021, weeks after the January 6, 2021, riot at the Capitol, according to the New York Times.

The revelation by JPMorgan came after Trump “and the Trump Organization” filed a lawsuit in January against JPMorgan Chase and its CEO, Jamie Dimon, for having debanked the president, according to the outlet.

Per the outlet, accounts that JPMorgan reportedly “debanked” were accounts “for Trump hotels, housing developments and retail shops” in several states, along with “Trump’s personal private banking relationship that handled his inheritance:”

So this is one of those murky grey areas of the law. Debanking is illegal in several states, but technically not at the Federal Level. Trump has signed an executive order that make it illegal to whatever power a President has. The administration is now pressuring banks who have debanked to reestablish those accounts with anyone affected.

But none of this changes the fact that Trump likely has a pretty good lawsuit against the bank. It seems more than obvious that this was the reason it took JPMorgan as long as it did to provide the admission. Now that we have, I suspect another settlement is in the works.

As they say, if you are going to go after the King, you better make sure you kill him. JPMorgan and a lot of other people wrote Donald Trump off for good after he lost in 2020. But rumors of his death were greatly exaggerated, and he is back to being king of the world and those who took their shots, are now paying the price.