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US banks encourage workers to vote, carving out paid time off
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US banks encourage workers to vote, carving out paid time off
Nov 4, 2024 1:21 PM

NEW YORK, Nov 4 (Reuters) - JPMorgan Chase ( JPM ), Bank

of America ( BAC ) and Citigroup ( C/PN ) reminded employees that

they can take paid time off to vote in Tuesday's U.S.

presidential election, while underscoring the need to work

across political lines.

The three largest U.S. lenders have combined global

workforces of almost 760,000 people, including staff in U.S.

branches and corporate offices.

"One of the distinctive hallmarks of our American democracy is

the long history of Americans choosing their leaders and the

peaceful transfer of power," JPMorgan ( JPM ) executives led by CEO

Jamie Dimon wrote in a memo last week. The largest U.S. lender

will continue to work "across the political spectrum," they

wrote.

A bank spokesperson confirmed the contents of the email,

adding it had sent a similar message in 2020. JPMorgan ( JPM ) also

guided employees to voter registration information and its

policy on taking paid time off to vote.

Citigroup ( C/PN ) gives U.S. workers three hours of paid leave if

needed to cast their ballots, according to a memo sent on Friday

by Ed Skyler, its head of enterprise services and public

affairs, and Sara Wechter, its human resources chief.

The only thing certain about the election, the Citi

executives wrote, "is that roughly half of the U.S. will be

unhappy with the outcome. Our colleagues have divergent and

equally passionate views across a range of issues. Despite those

difference in views, we are proud of how our Citi community

consistently shows respect for one another."

At Bank of America ( BAC ), the second biggest U.S. lender, a

similar policy has been in place since 2020 giving workers

several hours of paid leave to vote, according to a person

familiar with the matter who declined to be identified

discussing personnel matters.

Employees were reminded of the policy via an internal

website in recent days, the person said.

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