Corporate ethics

Image enhancement: How Citi is restoring its good name

06/26/19

Once a poster child for corporate wrongdoing, Citi has bolstered its reputation by taking bold stands on polarizing social issues, such as climate change and gun control, and declaring its commitment to move more women and minorities into managerial roles. Here's how it aims to do even better.

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Did BNY Mellon violate ‘code of conduct’ in dealings with a community bank?

05/14/19

The New York bank says it acted appropriately in withholding the collateral on a loan to a developer that First Foundation Bank later refinanced. First Foundation’s CEO begs to differ.

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Warren doubles down on ending ‘too big to jail’

04/03/19

The Massachusetts senator introduced legislation Wednesday that would require executives of large corporations to serve jail time when their companies commit crimes, including for violations of civil law.

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Wells Fargo's Sloan to Congress: 'We are taking responsibility'

03/11/19

Wells Fargo CEO Tim Sloan said that the megabank has worked to address past issues and is equally committed to preventing new problems from arising, despite reports suggesting otherwise.

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Wells Fargo bends to critics in its latest response to scandals

01/30/19

In a lengthy report released Wednesday, the bank pledged to protect whistleblowers, better handle customer complaints and re-examine its lending practices.

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Bank CEO's fire-and-rehire maneuver reaps windfall at taxpayer expense

11/02/18

A multimillion-dollar deal between Chicago Mayor Rahm Emanuel and Stephen Calk was supposed to deliver 400 new jobs to the city. Here’s what really happened.

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‘What’s needed is a wholesale change in the culture’

09/20/18

Bruce Cahan, a lecturer at Stanford University who teaches ethics, explains the link between ethical principles and profitability for financial services firms.

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CFPB chief's meeting with GOP donors may be illegal, Warren says

09/19/18

The Massachusetts senator said a private event where Mick Mulvaney briefed donors about the party’s midterm prospects may violate the Hatch Act.

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Bad day for cryptocurrency, Goldman

09/12/18

Court gives securities regulators a victory on initial coin offerings; bank’s stock suffers its longest losing streak.

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Louisiana bans Bank of America, Citi from bond sale over gun policies

08/17/18

Louisiana is using the bond market to stick up for the Second Amendment.

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