Wall Street Rethinks Campaign Donations in Wake of Violence
- Some firms single out those who tried to overturn the election
- Deutsche Bank, Signature Bank stop accepting Trump’s business
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For years Wall Street has sprinkled money all across U.S. politics to make and keep friends in Washington. Now, it’s rethinking the consequences.
After the deadly siege on Capitol Hill last week, major banks are reassessing, reducing and in many cases suspending their campaign contributions. Some are vowing to pull back from candidates who appeared to support the attempted insurrection. And two banks with longstanding ties to the Trump family and his company have cut ties to the president.