☮ ♥ ♬ 🧑💻<p>“Hedge funds will go to great lengths in pursuit of <a href="https://ioc.exchange/tags/profits" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>profits</span></a>, whether it is by counting cars in satellite photos of parking lots or shipping gold across the Atlantic. Building a <a href="https://ioc.exchange/tags/compiler" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>compiler</span></a>—a piece of <a href="https://ioc.exchange/tags/software" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>software</span></a> that turns human-written code into programs a computer can execute—for your homegrown language? That still raises eyebrows.</p><p><a href="https://ioc.exchange/tags/JaneStreet" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>JaneStreet</span></a> is the quant shops’ quant shop, and it does just that, with great success. Last year its trading revenue almost doubled, to $21bn, putting it on a par with giants such as <a href="https://ioc.exchange/tags/Citigroup" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Citigroup</span></a> and <a href="https://ioc.exchange/tags/MorganStanley" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>MorganStanley</span></a>. And the goose that lays the golden egg is its <a href="https://ioc.exchange/tags/tech" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>tech</span></a> system.</p><p>But it is what this system is built from that is really unusual. Other firms employ a hotchpotch of <a href="https://ioc.exchange/tags/ProgrammingLanguages" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>ProgrammingLanguages</span></a>, allowing staff to choose the right one for the job. At Jane Street almost everyone works in an obscure tongue developed by French academics: <a href="https://ioc.exchange/tags/OCaml" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>OCaml</span></a>. </p><p>Ask a <a href="https://ioc.exchange/tags/trader" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>trader</span></a> at the firm for its benefits and they will reel off a string of features, such as its support for <a href="https://ioc.exchange/tags/StaticTyping" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>StaticTyping</span></a> and <a href="https://ioc.exchange/tags/FunctionalProgramming" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>FunctionalProgramming</span></a>, that make it hard to learn but powerful when applied to a problem. The company says the language helps “maximise the <a href="https://ioc.exchange/tags/productivity" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>productivity</span></a> of each person we hire”.”</p><p><a href="https://ioc.exchange/tags/HedgeFunds" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>HedgeFunds</span></a> / <a href="https://ioc.exchange/tags/finance" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>finance</span></a> <<a href="https://www.economist.com/finance-and-economics/2025/06/26/jane-streets-sneaky-retention-tactic" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">economist.com/finance-and-econ</span><span class="invisible">omics/2025/06/26/jane-streets-sneaky-retention-tactic</span></a>> (paywall) / <<a href="https://archive.md/DQ0ku" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://</span><span class="">archive.md/DQ0ku</span><span class="invisible"></span></a>></p>
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#citigroup
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The Japan Times<p>Sumitomo Mitsui Banking and Citigroup are among banks targeting new deals in the market for blended finance, defying a number of headwinds, including a significant decline in government spending on development aid. <a href="https://www.japantimes.co.jp/business/2025/05/22/companies/smbc-citi-banks-blended-finance/?utm_medium=Social&utm_source=mastodon" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">japantimes.co.jp/business/2025</span><span class="invisible">/05/22/companies/smbc-citi-banks-blended-finance/?utm_medium=Social&utm_source=mastodon</span></a> <a href="https://mastodon.social/tags/business" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>business</span></a> <a href="https://mastodon.social/tags/companies" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>companies</span></a> <a href="https://mastodon.social/tags/banks" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>banks</span></a> <a href="https://mastodon.social/tags/sumitomomitsui" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>sumitomomitsui</span></a> <a href="https://mastodon.social/tags/citigroup" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>citigroup</span></a> <a href="https://mastodon.social/tags/mufg" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>mufg</span></a></p>
The Japan Times<p>SMBC Nikko Securities hired a pair of top executives from rival firms, as the brokerage rebuilds its talent bench following a market manipulation scandal. <a href="https://www.japantimes.co.jp/business/2025/05/07/companies/smbc-nikko-hire/?utm_medium=Social&utm_source=mastodon" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">japantimes.co.jp/business/2025</span><span class="invisible">/05/07/companies/smbc-nikko-hire/?utm_medium=Social&utm_source=mastodon</span></a> <a href="https://mastodon.social/tags/business" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>business</span></a> <a href="https://mastodon.social/tags/companies" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>companies</span></a> <a href="https://mastodon.social/tags/smbcnikkosecurities" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>smbcnikkosecurities</span></a> <a href="https://mastodon.social/tags/brokerages" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>brokerages</span></a> <a href="https://mastodon.social/tags/nomura" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>nomura</span></a> <a href="https://mastodon.social/tags/citigroup" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>citigroup</span></a></p>
The Japan Times<p>Citigroup is expanding its investment banking team in Japan as the Wall Street firm bets that the country’s deal fee pool will finally rebound after a two-decade slump. <a href="https://www.japantimes.co.jp/business/2025/03/27/companies/citigroup-dealmakers-hire-japan/?utm_medium=Social&utm_source=mastodon" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">japantimes.co.jp/business/2025</span><span class="invisible">/03/27/companies/citigroup-dealmakers-hire-japan/?utm_medium=Social&utm_source=mastodon</span></a> <a href="https://mastodon.social/tags/business" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>business</span></a> <a href="https://mastodon.social/tags/companies" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>companies</span></a> <a href="https://mastodon.social/tags/citigroup" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>citigroup</span></a> <a href="https://mastodon.social/tags/banks" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>banks</span></a> <a href="https://mastodon.social/tags/investments" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>investments</span></a> <a href="https://mastodon.social/tags/mergers" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>mergers</span></a> <a href="https://mastodon.social/tags/acquisitions" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>acquisitions</span></a></p>
tagesschau<p>Citigroup überweist versehentlich 81 Billionen Dollar an Kunden</p><p>Einem Medienbericht zufolge hat das US-Geldinstitut Citigroup aus Versehen eine Überweisung von 81.000.000.000.000 Dollar veranlasst. Dabei sollte eigentlich nur der Betrag von 280 Dollar das Konto wechseln.</p><p>➡️ <a href="https://www.tagesschau.de/wirtschaft/finanzen/citigroup-ueberweisung-81-billionen-dollar-100.html?at_medium=mastodon&at_campaign=tagesschau.de" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">tagesschau.de/wirtschaft/finan</span><span class="invisible">zen/citigroup-ueberweisung-81-billionen-dollar-100.html?at_medium=mastodon&at_campaign=tagesschau.de</span></a></p><p><a href="https://ard.social/tags/Banken" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Banken</span></a> <a href="https://ard.social/tags/Citigroup" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Citigroup</span></a> <a href="https://ard.social/tags/%C3%9Cberweisung" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Überweisung</span></a> <a href="https://ard.social/tags/Konto" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Konto</span></a></p>
Glyn Moody<p><a href="https://mastodon.social/tags/Citigroup" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Citigroup</span></a> erroneously credited client account with $81tn in ‘near miss’ - <a href="https://www.ft.com/content/9921925e-5a32-48cc-a3e3-3f77042477d2?accessToken=zwAGLzEio1OAkdOZIZJeWjJIzNOj4z93BCR30g.MEYCIQCQ1YfdBxh9GBWAkPTScL1aHW6fWLT9QJl6fU7cEBlIAQIhAPE-7xobt0d8QXzkcjnL9CxecBvinlD3hE_HlnMn8iXH&sharetype=gift&token=51108145-d1c3-403b-bf3e-e8c5d8435644" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">ft.com/content/9921925e-5a32-4</span><span class="invisible">8cc-a3e3-3f77042477d2?accessToken=zwAGLzEio1OAkdOZIZJeWjJIzNOj4z93BCR30g.MEYCIQCQ1YfdBxh9GBWAkPTScL1aHW6fWLT9QJl6fU7cEBlIAQIhAPE-7xobt0d8QXzkcjnL9CxecBvinlD3hE_HlnMn8iXH&sharetype=gift&token=51108145-d1c3-403b-bf3e-e8c5d8435644</span></a> a trillion here, a trillion there - it soon adds up...</p>
The Japan Times<p>The consortium proposing to take Seven & I Holdings private has tapped Citigroup and Bank of America for financing, adding to a growing group of players in the potentially record-breaking management buyout bid. <a href="https://www.japantimes.co.jp/business/2025/02/06/seven-consortium-bofa-citi-financing/?utm_medium=Social&utm_source=mastodon" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">japantimes.co.jp/business/2025</span><span class="invisible">/02/06/seven-consortium-bofa-citi-financing/?utm_medium=Social&utm_source=mastodon</span></a> <a href="https://mastodon.social/tags/business" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>business</span></a> <a href="https://mastodon.social/tags/seveneleven" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>seveneleven</span></a> <a href="https://mastodon.social/tags/seveniholdings" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>seveniholdings</span></a> <a href="https://mastodon.social/tags/bankofamerica" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>bankofamerica</span></a> <a href="https://mastodon.social/tags/citigroup" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>citigroup</span></a></p>
tagesschau<p>US-Banken auf Rekordjagd</p><p>Die US-Großbanken konnten zuletzt zum Teil Rekordergebnisse einfahren. Das lag an florierenden Geschäfte an den Finanzmärkten und an einem wiederbelebten Geschäft mit Übernahmen und Fusionen.</p><p>➡️ <a href="https://www.tagesschau.de/wirtschaft/unternehmen/usa-grossbanken-bilanzen-100.html?at_medium=mastodon&at_campaign=tagesschau.de" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">tagesschau.de/wirtschaft/unter</span><span class="invisible">nehmen/usa-grossbanken-bilanzen-100.html?at_medium=mastodon&at_campaign=tagesschau.de</span></a></p><p><a href="https://ard.social/tags/JPMorgan" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>JPMorgan</span></a> <a href="https://ard.social/tags/Citigroup" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Citigroup</span></a> <a href="https://ard.social/tags/WellsFargo" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>WellsFargo</span></a> <a href="https://ard.social/tags/BankofAmerica" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>BankofAmerica</span></a> <a href="https://ard.social/tags/MorganStanley" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>MorganStanley</span></a> <a href="https://ard.social/tags/GoldmanSachs" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>GoldmanSachs</span></a></p>
Benjamin Carr, Ph.D. 👨🏻💻🧬<p>6 biggest <a href="https://hachyderm.io/tags/banks" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>banks</span></a> in <a href="https://hachyderm.io/tags/US" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>US</span></a> quit <a href="https://hachyderm.io/tags/netzero" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>netzero</span></a> alliance<br>Exodus from target-setting group is attempt to head off ‘anti-woke’ attacks from rightwing politicians<br><a href="https://hachyderm.io/tags/JPMorgan" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>JPMorgan</span></a> is latest to withdraw from net zero banking alliance (NZBA), following <a href="https://hachyderm.io/tags/Citigroup" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Citigroup</span></a>, <a href="https://hachyderm.io/tags/BankofAmerica" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>BankofAmerica</span></a>, <a href="https://hachyderm.io/tags/MorganStanley" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>MorganStanley</span></a>, <a href="https://hachyderm.io/tags/WellsFargo" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>WellsFargo</span></a> and <a href="https://hachyderm.io/tags/GoldmanSachs" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>GoldmanSachs</span></a><br>Trump's vows to deregulate the energy sector, dismantle environmental rules and "drill, baby, drill" were a big part of his campaign platform<br><a href="https://www.theguardian.com/business/2025/jan/08/us-banks-quit-net-zero-alliance-before-trump-inauguration" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">theguardian.com/business/2025/</span><span class="invisible">jan/08/us-banks-quit-net-zero-alliance-before-trump-inauguration</span></a> <a href="https://hachyderm.io/tags/climatechange" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>climatechange</span></a> <a href="https://hachyderm.io/tags/climatecrisis" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>climatecrisis</span></a></p>
Europe Says<p><a href="https://www.europesays.com/1741259/" rel="nofollow noopener" target="_blank"><span class="invisible">https://www.</span><span class="">europesays.com/1741259/</span><span class="invisible"></span></a> Wall Street banks exit climate alliance as Trump 2.0 nears <a href="https://pubeurope.com/tags/BankOfAmerica" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>BankOfAmerica</span></a> <a href="https://pubeurope.com/tags/Citigroup" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Citigroup</span></a> <a href="https://pubeurope.com/tags/Climate" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Climate</span></a> <a href="https://pubeurope.com/tags/ClimateAction" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>ClimateAction</span></a> <a href="https://pubeurope.com/tags/ClimateChange" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>ClimateChange</span></a> <a href="https://pubeurope.com/tags/ClimateCoalition" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>ClimateCoalition</span></a> <a href="https://pubeurope.com/tags/GlobalWarming" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>GlobalWarming</span></a> <a href="https://pubeurope.com/tags/GoldmanSachs" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>GoldmanSachs</span></a> <a href="https://pubeurope.com/tags/JimJordan" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>JimJordan</span></a> <a href="https://pubeurope.com/tags/MorganStanley" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>MorganStanley</span></a> <a href="https://pubeurope.com/tags/NetZeroBankingAlliance" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>NetZeroBankingAlliance</span></a> <a href="https://pubeurope.com/tags/NZBA" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>NZBA</span></a> <a href="https://pubeurope.com/tags/trump" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>trump</span></a></p>
The Japan Times<p>Saudi Arabia will host the biggest names in finance and technology this coming week in a test of investor appetite for the kingdom’s ambitions of transforming itself into a global hub at a time of widening regional conflict. <a href="https://www.japantimes.co.jp/business/2024/10/28/tech/wall-street-tech-saudi-war/" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">japantimes.co.jp/business/2024</span><span class="invisible">/10/28/tech/wall-street-tech-saudi-war/</span></a> <a href="https://mastodon.social/tags/business" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>business</span></a> <a href="https://mastodon.social/tags/tech" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>tech</span></a> <a href="https://mastodon.social/tags/wallstreet" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>wallstreet</span></a> <a href="https://mastodon.social/tags/saudiarabia" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>saudiarabia</span></a> <a href="https://mastodon.social/tags/tech" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>tech</span></a> <a href="https://mastodon.social/tags/mohammedbinsalman" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>mohammedbinsalman</span></a> <a href="https://mastodon.social/tags/vision2030" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>vision2030</span></a> <a href="https://mastodon.social/tags/goldmansachs" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>goldmansachs</span></a> <a href="https://mastodon.social/tags/davidsolomon" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>davidsolomon</span></a> <a href="https://mastodon.social/tags/citigroup" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>citigroup</span></a> <a href="https://mastodon.social/tags/janefraser" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>janefraser</span></a> <a href="https://mastodon.social/tags/blackrock" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>blackrock</span></a> <a href="https://mastodon.social/tags/larryfink" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>larryfink</span></a> <a href="https://mastodon.social/tags/alphabet" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>alphabet</span></a> <a href="https://mastodon.social/tags/ruthporat" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>ruthporat</span></a> <a href="https://mastodon.social/tags/tiktok" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>tiktok</span></a> <a href="https://mastodon.social/tags/shouchew" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>shouchew</span></a> <a href="https://mastodon.social/tags/benjaminhorowitz" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>benjaminhorowitz</span></a></p>
DoomsdaysCW<p><a href="https://kolektiva.social/tags/Banks" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Banks</span></a> and financial institutions profiting from <a href="https://kolektiva.social/tags/weapons" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>weapons</span></a></p><p>By Clare Carlile<br>Friday 7th of April 2023</p><p>High street banks are funding some of the world’s most notorious <a href="https://kolektiva.social/tags/ArmsCompanies" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>ArmsCompanies</span></a>. We look at which banks are involved and what consumers can do. We also look at the wider financial industry and its links with <a href="https://kolektiva.social/tags/NuclearWeapons" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>NuclearWeapons</span></a> in particular. </p><p>How are banks financing the arms industry?</p><p>"Banks are behind almost every industry in the world, through their loans, insurance and other kinds of financing, including the arms industry. </p><p>"By funding arms companies, banks allow them to grow and innovate – developing new forms of <a href="https://kolektiva.social/tags/lethal" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>lethal</span></a> weapons. </p><p>"In fact, banks are behind companies involved in the very worst forms of arms, such as nuclear weapons and <a href="https://kolektiva.social/tags/ClusterMunitions" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>ClusterMunitions</span></a>, despite the latter being banned by 120 countries. </p><p>"Unsurprisingly, arms companies are not generally picky about who they sell weapons to. This means that if a bank is funding an arms company, it may well be one that is selling to oppressive regimes. </p><p>Which banks are involved in financing arms companies?</p><p>"Unfortunately, many banks still finance arms companies.</p><p>"While some have said they will not fund the most destructive weapons, lots fall far short of refusing funding to arms companies altogether. And it is not just banks that are involved in the global arms trade. Lots of other financial institutions, such as investors, are also involved.</p><p>"Over three quarters of the brands included in our ethical current accounts guide lost half a mark under Arms & Military supply for their investments. This included all the five major high street banks: <a href="https://kolektiva.social/tags/Barclays" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Barclays</span></a>, <a href="https://kolektiva.social/tags/HSBC" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>HSBC</span></a>, <a href="https://kolektiva.social/tags/Lloyds" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Lloyds</span></a>, <a href="https://kolektiva.social/tags/NatWest" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>NatWest</span></a> and <a href="https://kolektiva.social/tags/Santander" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Santander</span></a>.</p><p>"Banks such as Barclays, Lloyds, NatWest, Santander and <a href="https://kolektiva.social/tags/Citigroup" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Citigroup</span></a>, and other financial institutions such as <a href="https://kolektiva.social/tags/Aviva" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Aviva</span></a> and <a href="https://kolektiva.social/tags/OldMutual" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>OldMutual</span></a> have been named in relation to funding cluster munitions, nuclear weapons on the sale of arms to <a href="https://kolektiva.social/tags/Yemen" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Yemen</span></a>. </p><p>What weapons are banks funding?<br>Banks funding cluster munitions</p><p>“Cluster munitions are indiscriminate weapons that pose a serious threat to civilian populations during and long after an attack. They spread dozens, or even hundreds, of bomblets called submunitions over an area the size of a football stadium or even more. On impact cluster munitions kill or maim anyone that is in that area. Also, many submunitions fail to explode on impact: they remain on the ground like landmines that kill and injure civilians long after the conflict has ended.'</p><p>"120 countries have signed a Convention that that bans the use, production, stockpiling and transfer of <a href="https://kolektiva.social/tags/ClusterBombs" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>ClusterBombs</span></a>.</p><p>"Yet, in 2018, the Cluster Munition Coalition found that financial institutions had invested almost $9 billion in companies producing cluster munitions. Citigroup and Old Mutual were both found to invest in companies involved. </p><p>"Amongst the banks named in the report, Triodos, Co-operative Bank and Royal Bank of Scotland were all praised for having divestment policies in place. </p><p>"However, Aviva, Axa, Deutsche Bank, Edentree Investment Management, HSBC, Lloyds Banking Group, Bank of Scotland and Standard Chartered were all found to have incomplete policies in place."</p><p><a href="https://www.ethicalconsumer.org/money-finance/banks-weapons" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">ethicalconsumer.org/money-fina</span><span class="invisible">nce/banks-weapons</span></a></p><p><a href="https://kolektiva.social/tags/WarIsBigBusiness" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>WarIsBigBusiness</span></a> <a href="https://kolektiva.social/tags/NoWar" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>NoWar</span></a> <a href="https://kolektiva.social/tags/WeaponsManufacturers" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>WeaponsManufacturers</span></a> <a href="https://kolektiva.social/tags/NoNuclearWeapons" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>NoNuclearWeapons</span></a></p>
John Leonard<p>Citi: AI threatens 54% of current banking jobs, but will create new ones</p><p>In related news, AI could add $170 billion to global banking profits, says Citi</p><p><a href="https://www.computing.co.uk/news/4327380/citi-ai-threatens-54-current-banking-jobs-create-ones" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">computing.co.uk/news/4327380/c</span><span class="invisible">iti-ai-threatens-54-current-banking-jobs-create-ones</span></a></p><p><a href="https://mastodon.social/tags/citi" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>citi</span></a> <a href="https://mastodon.social/tags/citigroup" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>citigroup</span></a> <a href="https://mastodon.social/tags/ai" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>ai</span></a> <a href="https://mastodon.social/tags/technews" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>technews</span></a></p>
The Japan Times<p>Citigroup is seeking to strengthen its business with midsize companies in Japan as the Wall Street bank accelerates efforts across the globe to broaden its customer base. <a href="https://www.japantimes.co.jp/business/2024/06/17/companies/citigroup-midsize-firms-team/" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">japantimes.co.jp/business/2024</span><span class="invisible">/06/17/companies/citigroup-midsize-firms-team/</span></a> <a href="https://mastodon.social/tags/business" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>business</span></a> <a href="https://mastodon.social/tags/companies" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>companies</span></a> <a href="https://mastodon.social/tags/citigroup" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>citigroup</span></a> <a href="https://mastodon.social/tags/investments" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>investments</span></a> <a href="https://mastodon.social/tags/banks" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>banks</span></a></p>
Nonilex<p><a href="https://masto.ai/tags/Trump" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Trump</span></a> told the approximately 80 <a href="https://masto.ai/tags/CEOs" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>CEOs</span></a> in attendance, including <a href="https://masto.ai/tags/Apple" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Apple</span></a>’s Tim Cook, <a href="https://masto.ai/tags/JPMorgan" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>JPMorgan</span></a>’s Jamie Dimon, <a href="https://masto.ai/tags/Citigroup" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Citigroup</span></a>’s Jane Fraser & <a href="https://masto.ai/tags/BankOfAmerica" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>BankOfAmerica</span></a>’s Brian Moynihan, that he would cut the <a href="https://masto.ai/tags/CorporateTax" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>CorporateTax</span></a> rate, currently at 21%, to 20%, because “it’s a round number.”</p><p><a href="https://masto.ai/tags/Xerox" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Xerox</span></a> CEO Steven Bandrowczak, <a href="https://masto.ai/tags/Gap" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Gap</span></a> Inc. President Richard Dixon & <a href="https://masto.ai/tags/Truist" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Truist</span></a> CEO Bill Rogers were also spotted.</p><p><a href="https://www.forbes.com/sites/saradorn/2024/06/13/trump-promises-tax-cuts-at-business-roundtable-with-ceos-including-apples-tim-cook-and-jp-morgans-jamie-dimon/" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">forbes.com/sites/saradorn/2024</span><span class="invisible">/06/13/trump-promises-tax-cuts-at-business-roundtable-with-ceos-including-apples-tim-cook-and-jp-morgans-jamie-dimon/</span></a></p>
Peter Link 🍉 🇨🇺<p>from <a href="https://mastodon.online/tags/CommonDreams" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>CommonDreams</span></a><br>'<a href="https://mastodon.online/tags/SummerOfHeat" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>SummerOfHeat</span></a>' to Take Aim at <a href="https://mastodon.online/tags/WallStreet" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>WallStreet</span></a> for Funding <a href="https://mastodon.online/tags/ClimateChaos" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>ClimateChaos</span></a> </p><p>"We know that they're enabling the <a href="https://mastodon.online/tags/FossilFuel" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>FossilFuel</span></a> industry, and we know that to end the fossil fuel era, banks like <a href="https://mastodon.online/tags/Citibank" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Citibank</span></a> must stop funding fossil fuels," an organizer said.</p><p><a href="https://mastodon.online/tags/ClimateCrisis" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>ClimateCrisis</span></a> <a href="https://mastodon.online/tags/ClimateChange" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>ClimateChange</span></a> <a href="https://mastodon.online/tags/EndFossilFuels" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>EndFossilFuels</span></a> <a href="https://mastodon.online/tags/ClimateEmergency" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>ClimateEmergency</span></a> <a href="https://mastodon.online/tags/ClimateJusticeNow" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>ClimateJusticeNow</span></a> <a href="https://mastodon.online/tags/PlanetOverProfit" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>PlanetOverProfit</span></a> <a href="https://mastodon.online/tags/ClimateDefenders" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>ClimateDefenders</span></a> <a href="https://mastodon.online/tags/StopTheMoneyPipeline" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>StopTheMoneyPipeline</span></a> <a href="https://mastodon.online/tags/environment" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>environment</span></a> <br><a href="https://mastodon.online/tags/news" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>news</span></a> <a href="https://mastodon.online/tags/press" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>press</span></a> <a href="https://mastodon.online/tags/USPolitics" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>USPolitics</span></a> <a href="https://mastodon.online/tags/Citigroup" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Citigroup</span></a></p><p><a href="https://www.commondreams.org/news/climate-protest-citibank" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">commondreams.org/news/climate-</span><span class="invisible">protest-citibank</span></a></p>
The Japan Times<p>The Bank of Japan ended the world’s last remaining negative-rate policy last month, along with its tight control over bond yields, opening the door for more volatility in a welcome development for brokers. <a href="https://www.japantimes.co.jp/business/2024/04/04/markets/citigroup-bets-on-japan-bonds/" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">japantimes.co.jp/business/2024</span><span class="invisible">/04/04/markets/citigroup-bets-on-japan-bonds/</span></a> <a href="https://mastodon.social/tags/business" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>business</span></a> <a href="https://mastodon.social/tags/markets" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>markets</span></a> <a href="https://mastodon.social/tags/citigroup" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>citigroup</span></a> <a href="https://mastodon.social/tags/bonds" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>bonds</span></a> <a href="https://mastodon.social/tags/japaneseeconomy" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>japaneseeconomy</span></a> <a href="https://mastodon.social/tags/investments" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>investments</span></a> <a href="https://mastodon.social/tags/negativeinterestrates" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>negativeinterestrates</span></a></p>
tagesschau<p>Hohe Ausgaben für Bankenrettungen belasten US-Geldhäuser</p><p>Mit der Veröffentlichung der Quartalszahlen der vier größten US-Banken hat die Berichtssaison begonnen. Die Geldhäuser litten zuletzt vor allem unter den hohen Zahlungen an den Einlagensicherungsfonds.</p><p>➡️ <a href="https://www.tagesschau.de/wirtschaft/weltwirtschaft/usa-banken-berichtssaison-100.html?at_medium=mastodon&at_campaign=tagesschau.de" rel="nofollow noopener" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">tagesschau.de/wirtschaft/weltw</span><span class="invisible">irtschaft/usa-banken-berichtssaison-100.html?at_medium=mastodon&at_campaign=tagesschau.de</span></a></p><p><a href="https://ard.social/tags/USBanken" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>USBanken</span></a> <a href="https://ard.social/tags/JPMorgan" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>JPMorgan</span></a> <a href="https://ard.social/tags/BankofAmerica" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>BankofAmerica</span></a> <a href="https://ard.social/tags/WellsFargo" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>WellsFargo</span></a> <a href="https://ard.social/tags/Citigroup" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Citigroup</span></a></p>
DoomsdaysCW<p>ICYMI - <a href="https://kolektiva.social/tags/BernieSanders" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>BernieSanders</span></a> Targets Top-10 <a href="https://kolektiva.social/tags/Corporate" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Corporate</span></a> Tax Dodgers</p><p>By Andrew Emett -<br>January 30, 2016</p><p>"Targeting the top-10 corporate tax dodgers, Sen. Bernie Sanders pledged on Friday to close loopholes that allow these large corporations to exploit offshore tax havens in order to avoid paying U.S. income taxes. Last year, Fortune 500 companies reportedly held over $2.1 trillion in accumulated profits offshore to evade paying U.S. taxes.</p><p>"'Three major profitable corporations not only pay nothing in federal income taxes, they actually got a rebate from the IRS,' Sanders told a town meeting in a student center at Iowa Wesleyan University.</p><p>"The presidential candidate informed his supporters that <a href="https://kolektiva.social/tags/GeneralElectric" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>GeneralElectric</span></a>, <a href="https://kolektiva.social/tags/Boeing" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Boeing</span></a>, and <a href="https://kolektiva.social/tags/Verizon" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Verizon</span></a> paid no federal income taxes between 2008 and 2013. During that period, these three companies amassed more than $102 billion in combined profits, yet they received over $4.1 billion in income tax rebates from the IRS.</p><p>"In 2012, GE stashed $108 billion in offshore tax havens and would have had to pay $37.8 billion if the loopholes were closed. Receiving hundreds of millions of dollars in tax refunds from the IRS, Boeing and Verizon regularly outsource their jobs to China and other low-wage countries while hiding their profits in tax havens.</p><p>"Although <a href="https://kolektiva.social/tags/BankOfAmerica" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>BankOfAmerica</span></a> received a bailout of more than $1.3 trillion from the Federal Reserve and the Treasury Department, the bank hid $17.2 billion in offshore tax havens in 2012. Receiving a $2.5 trillion bailout during the financial crisis, <a href="https://kolektiva.social/tags/Citigroup" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Citigroup</span></a> stashed $42.6 billion offshore to avoid paying taxes in 2012.</p><p>"Faced with over 1,000 lawsuits accusing the company of selling Zoloft while secretly aware it could cause malformed hearts in newborns, <a href="https://kolektiva.social/tags/Pfizer" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Pfizer</span></a> operates subsidiaries in 151 tax havens. As the world’s largest drug manufacturer, Pfizer officially holds $74 billion in profits <a href="https://kolektiva.social/tags/offshore" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>offshore</span></a> to avoid paying U.S. taxes.</p><p>"Although the CEOs of <a href="https://kolektiva.social/tags/Honeywell" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Honeywell</span></a>, <a href="https://kolektiva.social/tags/Merck" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Merck</span></a>, and <a href="https://kolektiva.social/tags/Corning" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Corning</span></a> have retirement accounts worth millions of dollars, these heartless tycoons want to raise the eligibility age for Medicare and Social Security to 70 while making significant cuts to Social Security. Sanders also mentioned that despite the fact that Federal Express receives $1 billion each year from the U.S. Postal Service, <a href="https://kolektiva.social/tags/FedEx" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>FedEx</span></a> was awarded a $135 million tax refund from the IRS in 2011.</p><p>"'In America today we are losing $100 billion in revenue every single year because large corporations are stashing their profits in the Cayman Islands and other offshore tax havens,' Sanders asserted.</p><p>"According to a report last year from U.S. PIRG (Public Interest Research Group) Education Fund and Citizens for Tax Justice, nearly 75% of Fortune 500 companies have tucked away $2.1 trillion in accumulated profits offshore to avoid paying U.S. income taxes. In 2014, at least 358 of these massive corporations maintained 7,622 tax haven subsidiaries throughout Bermuda, Ireland, Luxembourg, the Netherlands, Switzerland, and other havens.</p><p>If elected president, Sanders plans to close these tax loopholes in order to create and maintain at least 13 million jobs by rebuilding our crumbling roads, bridges, water systems, railways, and airports. On Friday, Sanders announced his plan to crack down on corporate tax dodgers by closing loopholes allowing U.S. corporations to avoid paying federal income taxes by setting up a post office box in a tax-haven country, artificially inflating foreign tax credits, and using offshore subsidiaries to evade taxes.</p><p>"Sanders vowed to eliminate tax breaks for <a href="https://kolektiva.social/tags/BigOil" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>BigOil</span></a>, gas, and coal companies, which would result in saving more than $135 billion over the next decade. He also promised to prevent companies from avoiding taxes by corporate inversions. By acquiring or merging with a smaller foreign business, many U.S. corporations have evaded paying taxes by claiming the new company is foreign, when in reality little to no personnel or operations have moved offshore."</p><p><a href="https://www.nationofchange.org/2016/01/30/bernie-sanders-targets-top-10-corporate-tax-dodgers/" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">nationofchange.org/2016/01/30/</span><span class="invisible">bernie-sanders-targets-top-10-corporate-tax-dodgers/</span></a></p><p><a href="https://kolektiva.social/tags/Oligarchy" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Oligarchy</span></a> <a href="https://kolektiva.social/tags/OilAndGasIndustry" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>OilAndGasIndustry</span></a> <a href="https://kolektiva.social/tags/Oiligarchy" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Oiligarchy</span></a> <a href="https://kolektiva.social/tags/Corporatocracy" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Corporatocracy</span></a> <a href="https://kolektiva.social/tags/Corporatism" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Corporatism</span></a></p>
Poetry News<p>HSBC acquiring<br>Citigroup's wealth in China<br>A new partnership</p><p><a href="https://mastodon.cloud/tags/hsbc" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>hsbc</span></a> <a href="https://mastodon.cloud/tags/citigroup" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>citigroup</span></a> <a href="https://mastodon.cloud/tags/china" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>china</span></a> <a href="https://mastodon.cloud/tags/wealthmanagement" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>wealthmanagement</span></a> <a href="https://mastodon.cloud/tags/haiku" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>haiku</span></a> <a href="https://mastodon.cloud/tags/poetry" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>poetry</span></a></p><p><a href="https://www.reuters.com/markets/deals/hsbc-acquire-citigroup-china-consumer-wealth-business-sources-2023-09-28/" rel="nofollow noopener" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">reuters.com/markets/deals/hsbc</span><span class="invisible">-acquire-citigroup-china-consumer-wealth-business-sources-2023-09-28/</span></a></p>
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