All articles tagged with #banking policy
Citigroup has ended its seven-year-old policy restricting banking services to firearm manufacturers and sellers, citing changes in societal and business practices, and emphasizing non-discrimination policies. The move has drawn criticism from gun-control advocates, while broader political debates around 'debanking' and political discrimination in banking continue.
Treasury Secretary Janet Yellen stated that the Trump administration "decimated" the capacity of the US government to respond to and prop up failing financial markets. Yellen's remarks come in the wake of state interventions to save depositors at failed banks Signature and Silicon Valley Bank. Yellen touted the role of the state in the financial sector, sounding notes harkening back to previous eras of global finance that have been highlighted in recent weeks by some influential market commentators.