The Trump Organization has sued Capital One for closing its bank accounts. The organization says it did so out of political reasons. But banks can close accounts for a zillion reasons. They don’t have to say why. Capital One cited money laundering as a concern.
On today’s show, how banks decide to close accounts, how much politics plays a role and what the bank might have seen in its crime-stopping crystal ball.
Fact checking by
Sierra Juarez.
Your Next Listen —
What is a 'freedom economy'?
Connect with The Indicator — Sign up for
The Indicator’s weekly newsletter!
— Buy the
Planet Money book— Find our
socials, YouTube and more!
— For sponsor-free episodes,
subscribe to NPR+ Support public media with NPR+ and enjoy perks for over 25 podcasts like this one. This show’s perks include sponsor-free listening. Learn more at
plus.npr.org.
See
pcm.adswizz.com for information about our collection and use of personal data for sponsorship and to manage your podcast sponsorship preferences.
NPR Privacy Policy