JPMorgan Boss Explains Why Bank Isn't Donating To Trump Ballroom: 'We Have An Issue, OK?'
HuffPost
The bank did support Donald Trump's inauguration to the tune of $1 million.
Jamie Dimon, the CEO of JPMorgan Chase, on Wednesday explained why the country’s largest bank hasn’t — and won’t — be donating to the construction of President Donald Trump’s lavish new $300 million White House ballroom.
Several major corporations, including Amazon, Apple, Coinbase, Google, Microsoft and T-Mobile, have contributed toward the controversial project, which replaced the East Wing that was razed last month. See more donors here.
But JPMorgan Chase isn’t among them.
“We have an issue, OK?” Dimon told CNN’s Erin Burnett. “Which is anything we do, since we do a lot of contracts with governments here and around the world, we have to be very careful how anything is perceived — and also how the next DOJ is going to deal with it.”
“So we’re quite conscious of the risk we bear by doing anything that looks anything like buying favors or anything like that,” he continued. “We also have policies that we don’t do certain things because it just makes it easier for us.”
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