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'?
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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
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