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Citi Still Doin' What Its Thang

  1. 0
    pgrundyposted 7 years ago

    From an AP news release today:

    "Japanese regulators ordered Citibank on Friday to suspend all sales operations in its retail banking division for a month starting July 15 because the lender had failed �to make notification of suspicious transactions, including money laundering.�

    Why is this bank still around I mean, seriously, am I the only person on planet earth who thinks this legalized club for financial thugs should be shut down?

    Here's the link to the full article:

    http://www.nytimes.com/2009/06/27/busin … ti.html?hp

    1. Christa Dovel profile image91
      Christa Dovelposted 7 years ago in reply to this

      That is disgusting! Think we could do without banks like that.

      1. 0
        pgrundyposted 7 years ago in reply to this

        No doubt! I think Citi, BOA, and AIG (not a bank, I know) should be broken  up and the unsuccessful parts allowed (encouraged!) to fail.

        I don't understand why we are letting them get away with this.

        Well, I understand it, but like you said, it disgusts me.

  2. toby26 profile image59
    toby26posted 7 years ago

    hmm, why would you say they are thug? Citi is a well known and respected company as far as I know. They do have great leadership as well.

    In term of AML (anti money laundering) they do educate their employees well on that. So i dont seem to see any reason why they should be broken down.

    Do you have bad experience with Citi?