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Big banks pause political giving after mob assault on the Capitol

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Mon, 11 Jan 21 2:51 PM | 15 view(s)
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The Finance 202: Big banks pause political giving after mob assault on the Capitol

By Tory Newmyer
Jan. 11, 2021 at 7:44 a.m. EST

Republican lawmakers who tried to overturn President-elect Joe Biden’s victory even after that effort unleashed a violent mob on the Capitol now face a reckoning from their corporate benefactors.A growing number of companies announced over the weekend they are suspending campaign contributions to those eight Republican senators and 139 House Republicans.

The list so far includes Blue Cross Blue Shield, Commerce Bank and Marriott International. And four of the country's biggest banks — JPMorgan Chase, Citigroup, Goldman Sachs, and Morgan Stanley — are suspending all political giving, Bloomberg News's Yuegi Yang and Sridhar Natarajan report.

more:
http://www.washingtonpost.com/politics/2021/01/11/finance-202-big-banks-pause-political-giving-after-mob-assault-capitol/?utm_campaign=wp_the_finance_202&utm_medium=email&utm_source=newsletter&wpisrc=nl_finance202




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