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Sep

08

Wall Street on Alert to Danger of Donating to Trump-Pence Ticket

By Tony Seruga

Goldman Sachs, Credit Suisse, Northern Trust address giving
Trump running mate Pence is de facto head of Indiana pension

Wall Street is getting the memo: donating to the Trump-Pence ticket may be more trouble than it’s worth.

Goldman Sachs Group Inc. joined Credit Suisse Group AG and Northern Trust Corp. in warning or restricting employees regarding political donations to avoid violating the federal pay-to-play rule. The rule, meant to prevent firms and employees from making contributions as a quid pro quo for winning business, is complicating donations to the presidential race since Republican nominee Donald Trump chose Indiana Governor Mike Pence, the de facto head of the state’s public pension, as his running mate…

Wall Street on Alert to Danger of Donating to Trump-Pence Ticket

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