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,…
Banks Spend Billions on Climate, Racial Equity
April 12, 2023
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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
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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…
Citi Predicts Oil Prices Plunging 36 Percent in Case of Recession
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…
Citi Mandating 65,000 US Employees to Get Fully Vaccinated
October 30, 2021
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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…
Citigroup Becomes First Wall Street Bank to Commit to ‘Racial Equity’ Audit
October 24, 2021
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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…
Citigroup Becomes 1st Wall Street Bank to Commit to ‘Racial Equity’ Audit
October 24, 2021
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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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