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Goldman, JPMorgan, Citi, Morgan Stanley Pause Political Contributions

  • Marriott severs ties with GOP senators who objected results
  • Other corporations said to be reviewing contribution policies
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WATCH: Some of the biggest lenders are planning to pause all political contributions after the riot in the Capitol last week.(Source: Bloomberg)
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Goldman Sachs Group Inc., Citigroup Inc., Morgan Stanley and JPMorgan Chase & Co. plan to pause all political contributions, joining a growing list of companies changing or reviewing their donation policies in the aftermath of riots at the Capitol in the past week.

Goldman is still formulating its measures that will probably curtail future political giving to the elected leaders who fought to overturn the 2020 result. A representative for the firm confirmed the plan. JPMorgan, the largest U.S. bank by assets, said it’s planning a six-month suspension to both Republicans and Democrats. Citigroup said it intends to temporarily stop all political contributions in the current quarter.