Finance

JPMorgan and Citigroup join US corporations pausing political donations

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Jamie Dimon, chief executive officer of JPMorgan Chase & Co., second left, listens during a House Financial Services Committee hearing in Washington, D.C., U.S., on Wednesday, April 10, 2019.

Andrew Harrer | Bloomberg | Getty Images

JPMorgan Chase and Citigroup were among the first major financial firms to say they will pause political action committee donations after followers of President Trump laid siege on the U.S. Capitol last week.

JPMorgan, the biggest U.S. bank by assets, is pausing contributions for both Republicans and Democrats for “at least” the next six months, according to spokesman Steve O’Halloran. The New York-based bank will use that time to consider potential changes to…



Source cnbc.com

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