Category: Citibank

Banks Spend Billions on Climate, Racial Equity

April 12, 2023
Bank of Americabanking crisisBusiness & MarketsCitibankCompanieseconomic policiesenergyESGJPMorgan Chasepersonal financeSocial IssuesUSWells Fargo
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In this year’s annual reports to shareholders, America’s largest banks proclaimed their allegiance to climate activism, racial equity, and other progressive causes, spending billions in shareholders’ money to support this agenda. Similar in vein to BlackRock CEO Larry Fink’s annual letter, which often pushed other CEOs to get in line with initiatives like renewable energy,…

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American Banks Prepare for Decline in Profits, 17 Percent Drop Predicted for Top Six Banks in the Fourth Quarter

January 10, 2023
Bank of Americabig banksBusiness & MarketsCitibankCompanieseconomic recessioneconomyGoldman Sachsjp morgan chaseMorgan StanleyrecessionUSWells Fargo
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Big banks in the United States are getting ready to deal with shrinking profits due to factors like an overall difficult economic environment, despite the fact that interest incomes have risen over the past year. JP Morgan Chase, Citigroup, Bank of America, Wells Fargo, Goldman Sachs, and Morgan Stanley are the six largest lenders in…

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Citi Predicts Oil Prices Plunging 36 Percent in Case of Recession

July 5, 2022
Business & MarketsCitibankeconomic recessioneconomygas pricesMarketsrecessionUSUS News
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Investment bank Citigroup is predicting oil prices to tumble by the end of the year if the world slips into a recession. Crude oil prices could end up at $65 per barrel by the end of 2022, analysts from the bank said in a July 5 note, Bloomberg reported. By 2023, prices could collapse further…

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Citi Mandating 65,000 US Employees to Get Fully Vaccinated

October 30, 2021
AMERICABusiness & EconomyCCP VirusCitibankCitigroupCompaniesSocial IssuesUSUS Newsvaccine mandatesVaccines & Safety
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Citigroup, the nation’s third-largest bank, said Thursday that it will require all U.S. employees to be fully vaccinated against the COVID-19 as a condition of employment. In a post on Linkedin, Sara Wechter, Head of HR, said that the decision was influenced by two key factors. “First, as the U.S. government is a large and…

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Citigroup Becomes First Wall Street Bank to Commit to ‘Racial Equity’ Audit

October 24, 2021
Business & EconomyCensorship & SocialismCitibankCompaniescritical race theoryeconomyFeatured TopicsUS
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Citigroup agreed to undergo an independent “racial equity audit,” the bank announced on Oct. 22. “We believe that by advancing our commitments to help close the racial wealth gap in the United States we can have a meaningful impact on our colleagues, clients, and the communities we serve,” the bank said in a statement. “Measurement…

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Citigroup Becomes 1st Wall Street Bank to Commit to ‘Racial Equity’ Audit

October 24, 2021
Business & EconomyCensorship & SocialismCitibankCompaniescritical race theoryeconomyFeatured TopicsUS
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Citigroup agreed to undergo an independent “racial equity audit,” the bank announced on Oct. 22. “We believe that by advancing our commitments to help close the racial wealth gap in the United States, we can have a meaningful impact on our colleagues, clients, and the communities we serve,” the bank said in a statement. “Measurement…

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