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International Business Times UK
International Business Times UK
World
Chelsie Napiza

Wall Street Giant Denies Trump Ballroom Donation Over 'Bribery Probe' Concerns

A Wall Street heavyweight has publicly declined to take part in the controversial financing of a new White House ballroom, citing risks of corruption investigations and reputational damage.

The chief executive of JPMorgan Chase, Jamie Dimon, has confirmed the bank will not donate to the £226 million ($300 million) ballroom project being developed by President Donald Trump's administration.

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