https://www.nytimes.com/2021/01/11/us/politics/trump-politicians-donations-degrees.html

JPMorgan Chase, Goldman Sachs, BlackRock, Bank of America and Wells Fargo said they suspended donations through their PACs. Morgan Stanley said it suspended contributions to members of Congress who voted against certifying the results of the election, but has not suspended contributions across the board. Deutsche Bank, which has been Mr. Trump’s primary lender for two decades, and Signature Bank, are also seeking distance from him and his business. Deutsche Bank has decided not to do business with Mr. Trump or his company in the future, according to a person familiar with the bank’s thinking. Charles Schwab went further, saying it shut down its PAC, citing a “hyperpartisan environment. “We believe a clear and apolitical position is in the best interest of our clients, employees, stockholders and the communities in which we operate,” the company said. The company’s PAC will no longer take contributions from employees or make financial contributions to lawmakers. Charles Schwab said in its statement that it was confident its “voice will still be heard in Washington” even without a PAC, noting that it is a “major employer in a dozen metropolitan centers.” Other companies that do not have a PAC, like IBM, have said they do not think a lack of one puts them at a political disadvantage. Visa temporarily suspended all its political donations through its PAC as it reviews its candidate contribution guidelines, a spokesman said. American Express and Mastercard said they had suspended political contributions to politicians who had tried to block the certification of the election results. “Last week’s attempts by some congressional members to subvert the presidential election results and disrupt the peaceful transition of power do not align with our American Express Blue Box values,” Stephen J. Squeri, the American Express chief executive, wrote in a memo to staff.