Skip to content
2 August 2026

Capital One Shuts Down Trump Organization Accounts Amid Money-Laundering Concerns

Capital One has closed the Trump Organization's accounts following an anti-money-laundering review, marking the first time a bank has formally linked money-laundering concerns to Donald Trump.

Capital One Shuts Down Trump Organization Accounts Amid Money-Laundering Concerns

The financial landscape has seen a significant shift with Capital One announcing the closure of accounts belonging to the Trump Organization. This decision comes after a thorough anti-money-laundering review making it the first instance where a bank has explicitly tied such concerns to the former president.

Meanwhile, the political arena is abuzz with various developments. California has declared an increase in the minimum wage with the governor taking a jab at Donald Trump. In Maine, political upheaval is brewing, and the Democrats are facing a critical 100-day campaign period. Additionally, Trump’s offer of early access to online posts has raised eyebrows, with many viewing it as a form of corruption.

The Reflecting Pool Saga: A Timeline of Controversy

The reflecting pool at Trump’s Mar-a-Lago resort has become a symbol of failure and finger-pointing. The saga began with the construction of the pool, which was initially praised for its grandeur. However, it quickly became a point of contention as leaks and structural issues began to surface. The pool’s maintenance has been a contentious issue, with Trump blaming various parties for its deteriorating condition. Despite numerous attempts to rectify the problems, the reflecting pool remains a source of embarrassment for the Trump Organization.

Political Commentary and Analysis

The political landscape is rife with commentary and analysis. Timothy Garton Ash argues that the Democrats have one last chance to halt the erosion of US democracy, with less than 100 days to make a difference. Judith Levine contends that McCarthyism has returned to the United States, and this time, it’s even more dangerous. Margaret Sullivan discusses the lack of TV experience at CBS News, suggesting that it’s not necessarily a problem. Matt Gurney explores Trump’s tariff war and its impact on Canadians, arguing that there is no choice but to get nasty.

In-Depth Reporting and Investigations

In-depth reporting sheds light on various political developments. Laura Loomer, Lindsey Graham, and the deepening Iran crisis are examined in the context of Trump’s reset with Zelenskyy. The impact of free childcare on US elections is explored, highlighting how overnight, people realized its essential nature. The toxic brand of Aipac and the rise of a ‘pro-Israel, pro-peace’ rival are discussed. Mary Beth Barone’s provocative jokes, Palestine, and manosphere misogyny are analyzed, with Barone expressing difficulty in stomaching that those are her co-workers.

Video Analysis and Fact-Checking

Video analysis provides further insight into the political landscape. The fairness of the US midterm elections is questioned, with experts weighing in on the potential outcomes. Trump’s Hamas disarmament plan and Israel’s potential withdrawal from Gaza are scrutinized. The possibility of a change in US Congress is explored, with experts discussing the potential implications. Fact-checking Donald Trump’s address on Chinese election interference is conducted, providing a detailed analysis of his claims.

Author

Sophie Donovan

Sophie Donovan, Manchester-born and classically elegant, once turned down a commission to chase a long-form piece on Salford’s textile heritage, filing instead from the mill where her grandmother worked. Advocates patient, context-rich features and brings a taste for quiet narrative detail and theatre aficionadoship.