Thu. Jan 28th, 2021

Fxtriangle | Market analysis | Managed trading

Fxtriangle will make Fx trading look easy.

JPMorgan and Citigroup join U.S. corporations

1 min read

JPMorgan and Citigroup

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 its political-donation strategies.

Political action committees pool employee donations and can direct up to $5,000 to a candidate per election, as well as $15,000 annually to any national party committee. Since the money is raised from voluntary employee contributions, the move sidesteps federal laws that prohibit companies from giving money directly to candidates.

Citigroup is also pausing PAC donations to all lawmakers during the first quarter, the bank told employees Friday in an internal communication.

Leave a Reply

Forex trading and any instruments related to Foreign Exchange Market are Speculative and carry substantial risk of loss of either partial equity or the entire deposit amount. Leverage adds up to the risk, before considering to invest in this venture, you should first consider your financial position and may seek the help of an independent financial advisor. FXtriangle dis-recommends the usage of loan instruments to trade in this market as it can hamper financial position. Please do not invest the money that you cannot afford to lose. FXtriangle provides all its services throughout the Globe Excluding (Nigeria, British Virgin Island & the Islamic Republic of Iran) and also provides limited service in some jurisdictions where investment in Overseas markets / Fx Exchanges are prohibited by Law If you are not sure to contact us before using any of our services. FXtriangle acts as an Independent Corporate Financial Advisor and connects you to various overseas exchanges and cannot be held liable for any financial damage occurring through their side. All of our partnered institutions are regulated in various jurisdictions.FXtriangle conducts an independent background check before partnering with any institutions to fulfill your investment objectives smoothly. The usage of our Business name, Logo or any trademark in any financial forum, website, review website, complaint arena, Billboards without our written permission will attract lawsuits.