Businesses rethink political donations after Capitol siege

Posted: Jan 10, 2021 / 07:37 PM EST / Updated: Jan 10, 2021 / 07:37 PM EST

FILE – In this Feb. 8, 2019, file photo, the logo for Citigroup appears above a trading post on the floor of the New York Stock Exchange. Citigroup’s fourth-quarter profits rose by 15% from a year earlier, as the bank benefited from a boost in trading similar to its competitor JPMorgan Chase. Citi said Tuesday, Jan. 14, 2020, that bond trading revenues were up 49% from a year earlier, when a steep downfall in the last quarter of 2018 took its toll on all banks’ trading desks. (AP Photo/Richard Drew, File)

Businesses are rethinking political contributions in the wake of the deadly Capitol siege by President Donald Trump’s supporters on Wednesday.

Citigroup is pausing all federal political donations for the first three months of the year.

In a memo to employees, Citi’s head of global government affairs Candi Wolff said the company wanted its employees to be assured that Citigroup will not support candidates “who do not respect the rule of law.”

The trade group representing Blue Cross Blue Shield Association, meanwhile, said it’s suspending political contributions to lawmakers who voted last week to reject the Electoral College results that cemented Democrat Joe Biden’s victory.