Citigroup Inc. and JPMorgan Chase & Co. plan to pause all political contributions, joining the growing list of companies changing or reviewing their donation policies in the aftermath of riots at the Capitol in the past week.
Citigroup said it intends to pause all political contributions in the current quarter. JPMorgan, the largest U.S. bank by assets, plans a six-month suspension to both Republicans and Democrats, the Wall Street Journal reported, citing an interview with Peter Scher, its head of corporate responsibility.
"We want you to be assured that we will not support candidates who do not respect the rule of law,” Candi Wolff, Citi’s head of global government affairs, said in a memo to employees.