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Major banks suspend political donations after US Capitol siege

January 11, 2021

Goldman Sachs and JPMorgan will suspend contributions to both political parties for six months.

“The country is facing unprecedented health, economic and political crises,” Peter Scher, JPMorgan’s head of corporate responsibility, told CNBC. “The focus of business leaders, political leaders, civic leaders right now should be on governing and getting help to those who desperately need it most right now. There will be plenty of time for campaigning later.”

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