JPMorgan halts all political donations after US Capitol attack

NEW YORK (AFP) – JPMorgan Chase said it is suspending all United States (US) political donations following the attack on the Capitol by a pro-Trump mob, joining a growing list of American corporations holding back funding since the violence.

The political action committee at JPMorgan, the country’s largest bank by assets, will stop making any financial contributions to Republican and Democratic leaders for at least six months, a spokesperson told AFP on Sunday.

“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,” said the bank’s head of corporate responsibility Peter Scher.

“There will be plenty of time for campaigning later.”

Other companies have opted to specifically target the Republican officials who on January 6 voted against certifying the results of the presidential election.

That day’s assault saw a mob of angry Donald Trump supporters storm the US Capitol shortly after the president reiterated baseless election conspiracies to the crowd. Five people died in the ensuing riot, including one police officer.

Billionaire investor Nelson Peltz, Ben & Jerry’s ice cream company and the AFL-CIO – the largest trade union federation in the US – have since called for Trump’s immediate departure from office.