Citigroup (Allegedly Unethical Firms)

Citigroup Sites:

Citigroup Statement on Salomon Smith Barney Settlement with SEC, NASD, NYSE Citigroup Statement on Salomon Smith Barney Settlement with SEC, NASD, NYSE: All outstanding investigations into research, IPO allocation and distribution practices settled. (Citigroup) http://www.citigroup.com/citigroup/press/2003/030428a.htm Citigroup Target of Protests in 80 Cities Worldwide Citigroup Target of Protests in 80 Cities Worldwide: Students worldwide protested Citibank's leading role in funding environmentally and socially destructive activities. (Citigroup) http://www.ran.org/news/newsitem.php?id=96 Citigroup Separates Research Arm Citigroup Separates Research Arm: The bank splits off its research arm in an effort to avoid potential conflicts of interest. (Citigroup) http://news.bbc.co.uk/1/hi/business/2378405.stm SEC: Citigroup Helped Enron Commit Fraud SEC: Citigroup Helped Enron Commit Fraud: Alleged that the firm mislead investors by characterizing loan proceeds as cash from operating activities. (Citigroup) http://www.sec.gov/news/press/2003-87.htm World's Largest Bank Makes Huge Step Toward Sustainability World's Largest Bank Makes Huge Step Toward Sustainability: "Nearly four years of relentless campaigning by Rainforest Action Network and allies around the world" seems to have paid off, as this press release by RAN indicates. (Citigroup) http://www.ran.org/ran_campaigns/global_finance/citi_victory.html SEC Sues Citigroup for Research Analyst Conflicts of Interest SEC Sues Citigroup for Research Analyst Conflicts of Interest: Research analysts at Salomon Smith Barney published false or misleading research reports that were exaggerated, unwarranted, or lacked a reasonable basis. (Citigroup) http://www.sec.gov/litigation/litreleases/lr18111.htm The Citigroup Watch The Citigroup Watch: News and commentary critical of the practices of the major banking and insurance group. (Citigroup) http://www.innercitypress.org/citi.html Citigroup Settles FTC Charges for Subprime Lending Victims Citigroup Settles FTC Charges for Subprime Lending Victims: The Associates, acquired by Citigroup, engaged in systematic and widespread deceptive and abusive lending practices such as the packing of unwanted credit insurance on consumers' loans. (Citigroup) http://www.ftc.gov/opa/2002/09/associates.htm Citigroup's Involvement in Wood Products and Paper Citigroup's Involvement in Wood Products and Paper: Extensive report originally compiled by George Draffan of endgame.org for the Rainforest Action Network. (Citigroup) http://www.endgame.org/citigroup.html