Bank of America, the second-largest U.S. lender, and investment bank Goldman Sachs plan to contribute to President-elect Donald Trump’s inaugural committees, but have yet to decide on the amount, spokespeople for each bank said Friday.
BofA, along with JPMorgan Chase & Co, were the two largest bank contributors to Trump’s 2017 inauguration. JPMorgan representatives declined to comment.
The inaugural committee plans and finances events, including opening ceremonies and parades, galas and balls, but not the swearing-in ceremony itself, according to the Federal Election Commission.
Bank of America contributed $1 million to both Trump’s first inaugural fund and to President Joe Biden’s in 2021. JPMorgan donated $500,000 for Trump’s 2017 inaugural festivities.
Source : Reuters
Prefunded pensions in Denmark, the Netherlands and Sweden pair income security with fiscal sustainability, but…
Rising income inequality in Western high-income countries threatens democratic governance and social cohesion, and AI…
Geopolitical tensions are often seen as a source of inflation. But this is only part…
Interest in the role of cultural norms, institutions, and development has resurfaced in recent years…
Policymakers are asking whether generative AI is reshaping labour demand, and the literature has found…
Every year, governments and development organizations spend billions on business upgrading programs — training, mentorship,…