Society: Issues: Business: Allegedly_Unethical

Society: Issues: Business: Allegedly_Unethical_Firms: Citigroup

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 Statement on Salomon Smith Barney Settlement with SEC, NASD, NYSE
All outstanding investigations into research, IPO allocation and distribution practices settled.

Citigroup Target of Protests in 80 Cities Worldwide
Students worldwide protested Citibank's leading role in funding environmentally and socially destructive activities.

The Citigroup Watch
News and commentary critical of the practices of the major banking and insurance group.

Citigroup's Involvement in Wood Products and Paper
Extensive report originally compiled by George Draffan of endgame.org for the Rainforest Action Network.

SEC: Citigroup Helped Enron Commit Fraud
Alleged that the firm mislead investors by characterizing loan proceeds as cash from operating activities.

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.

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 Separates Research Arm
The bank splits off its research arm in an effort to avoid potential conflicts of interest. (October 30, 2002)

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