Capital One Says Trump ‘De-Banking’ Suit Is Short on Facts (1)

Capital One Financial Corp. urged a federal judge in Florida to dismiss a lawsuit filed by the Trump Organization, saying no evidence had been presented to support claims that the bank had illegally halted business with President Donald Trump’s company for political reasons.

The Trump Organization sued in March, accusing Capital One of “de-banking” the company by abruptly canceling hundreds of its accounts after Trump’s first term in office ended in 2021, forcing the real estate business to quickly move millions of dollars. The suit accused the bank of violating consumer protection laws.

But in a court filing ...