Goldman Sachs staff banned from donating to Trump campaign

US investment bank Goldman Sachs has reportedly banned its employees from contributing money to certain political campaigns, including that of presidential candidate Donald Trump.

The bank has expanded the reach of its restrictions on political funding in an email sent to several high-ranking staff, Politico reported on Tuesday.

The change in policy from one of the world's biggest investment banks specifically cited the Trump-Pence campaign as being off-limits for those working for Goldman, according to another report from Fortune.

The bank said that the restrictions were put in place so as to avoid potential "pay for play" scenarios in which public contracts and business is awarded based on political donations.

The reports also claim that the Democrat campaign involving Hillary Clinton and Tim Kaine is not affected by the change, as Clinton does not currently hold office and senators are unaffected by the alteration.

In the memo obtained by Fortune, Goldman said that "the policy change is also meant to minimise potential reputational damage caused by any false perception that the firm is attempting to circumvent pay-to-play rules, particularly given partners’ seniority and visibility".