Citigroup to suspend federal political donations after US Capitol siege
FILE – In this Feb. 8, 2019, file photo, the Citigroup logo appears above a trading post on the floor of the New York Stock Exchange. (AP Photo/Richard Drew, File)
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WASHINGTON (AP) — Citigroup is suspending all federal political donations for the first three months of the year in light of Wednesday’s deadly siege on the U.S. Capitol by supporters of President Donald Trump.
In a memo to employees on Friday, Citi’s head of global government affairs, Candi Wolff, said, “We want you to be assured that we will not support candidates who violate the rule of law.”
“We support engagement with our political leaders even when we disagree, and our PAC is an important tool for that engagement,” Wolff wrote, adding that the company previously donated $1,000 to the campaign of Republican Senator Josh Hawley of Missouri in 2019, which represents a state in which Citi has many employees.
Unlike other companies that announced the suspension of donations to the 147 Republicans who opposed certification of President-elect Joe Biden’s election, Citi says it is suspending all federal contributions.
