Citigroup

On January 8, 2004, hacker Adrian Lamo was caught hacking into major corporations such as Yahoo, Bank of America, Citigroup, The New York Times, and Microsoft. Mr. Lamo was convicted of compromising the security of these corporations and ordered to pay $65,000 in restitution for his serious crime. Astonishingly, all of the security compromises Adrian committed were through free public internet connections at local libraries and coffee shops. What if we gave free public internet connections to…

Banco Popolare Società Cooperativa and Banca Popolare di Milano Scarl said March 23 that they signed a memorandum of understanding to merge to create the third-largest bank in Italy. The merger, which will give the combined company a national market share in terms of branches of more than 8%, will take place via the incorporation of a new bank holding in the form of a joint stock company. Banco Popolare shareholders will have a 54% stake in the new company, with current BPM shareholders owning…

A conflict of interest occurs when an individual’s opinions, and interests conflicts with another individual in the workplace (Heathfield, 2015). For example, a former Citigroup vice president Gary Foster got arrested in June because of his act of embezzlement. Foster was guilty of fraud (The Huffington Post, 2015). Gary acted in an extremely unethical way and put his self-interests above all others. Conflict of interests…

The enron story has become ideal for the dotcom-driven inventory marketplace growth of the '90s. With its roots inside the utility business, the agency loved a solid popularity for vintage-economy balance. But in contrast to other energy businesses that did not "get it," enron thrust itself headlong onto the net. The business press ate it up; so did wall street, sending the stock into the stratosphere. At its height, enron become really worth about $70 billion, its stocks trading for…

Citibank are very well maintain in terms of its consumer division as a multinational financial services. It was known as the largest bank holding company in USA by assets, which then followed by Bank of America and JPMorgan Chase. Social Factor Citibank have 3777 branches locations in 36 countries globally and out of all their services, online service have successfully claiming of 15 million users (resources from Wikipedia). Based on the 2013 annual report, the Global Consumer Banking (GCB) was…

injuries related to violations of a U.S. treaty or international law. The plaintiffs in the case of Khulumani v. Barclay National Bank, Ltd sought damages against a collection of corporations including, but not limited to, BP, General Electric, IBM, Citigroup, Ford, GM, and Barclays. In Khulumani v. Barclay National Bank, the Second Circuit ruled that a suit against approximately fifty corporations could go forward in United States courts under the Alien Tort Claims Act.(1) The defendants were…

The film Bulworth follows the campaign of a senator that is running for elections in the State of California. As soon as the film starts we are introduced to the high level of corruption that occurs in a political campaign or as politicians refer to it as simply campaign. By the end of the movie it is clear that the film portrays current American politics. The film makes interesting references to how race, gender and class matter when it comes to our political system. However it is also very…

Prior to the 1980’s and environmental laws and concerns, it was a standard unwritten procedure to dump waste on the ground, rivers, streams and oceans. Unsuitable boxes, containers and storage units for keeping waste were inadequate and often toxic substances were left out unsecured. These practices were happening destructively everywhere in the environment and thousands of contaminated sites were created. Contaminated sites often included warehouses, landfills, processing plants and…

Recently, immigration to the United States has been a hot topic in politics. With former President Obama deporting the most immigrants in history (Main) (Murphy 4-24-18) and President Trump’s intentions to slash DACA leading to the deportation of even more immigrants, it begs the question: why do immigrants choose to come to the United States in the first place? In the case of those who emigrated from the Latin Americas, factors of violence and neoliberalism catapulted their countries into…

Neil Barofsky, the soon-to-be-former Special Inspector General of the Troubled Asset Relief Program – the government’s $700 billion fund to bailout the banks – was never well liked at the Treasury Department, even though that is technically where he worked. Timothy Geithner reportedly repeatedly tried to have him fired, or at least have Barofsky’s role downsized. Now it appears the feelings were mutual. Barofsky was confirmed by the Senate back in December 2008 to be one of two watchdogs who…