Financial institution of America, Goldman to donate undecided quantities to Trump’s inaugural committee

(Reuters) -Financial institution of America, the second-largest U.S. lender, and funding financial institution Goldman Sachs plan to contribute to President-elect Donald Trump’s inaugural committees, however have but to determine on the quantity, spokespeople for every financial institution mentioned Friday.

BofA, together with JPMorgan Chase & Co (NYSE:JPM), have been the 2 largest financial institution contributors to Trump’s 2017 inauguration. JPMorgan representatives declined to remark.

The inaugural committee plans and funds occasions, together with opening ceremonies and parades, galas and balls, however not the swearing-in ceremony itself, based on the Federal Election Fee.

Financial institution of America contributed $1 million to each Trump’s first inaugural fund and to President Joe Biden’s in 2021. JPMorgan donated $500,000 for Trump’s 2017 inaugural festivities.