Wall Street is slamming the lid shut on the coffers of its corporate political action committees and threatening pro-Trump politicians on Capitol Hill with blacklisting.
Following a week in which major social media companies cut of President Donald Trump and began excluding some of his biggest advocates in the wake of the Capitol Hill riot, some of the nation’s largest financial institutions have announced that they are halting donations to their political action committees and considering permanently cutting off politicians accused of attempting to “overturn” the 2020 election.
J.P. Morgan Chase, the nation’s biggest bank by assets and market capitalization, said it is halting donations through its PAC for six months. Citigroup, the third-largest U.S. bank by assets, is reportedly pressing pause on political donations for the first quarter of 2020…
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