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Bloomberg's Paige Smith and Max Abelson reveal a pattern of harassment and discrimination at Citigroup's equities division. They discuss the impact on employees and business, historical treatment of harassment in banking, and the fear of speaking out against misconduct on Wall Street.
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- Citigroup's equities division exhibited a pattern of harassment and discrimination, revealing cultural issues within the organization.
- The toxic culture at Citigroup impacted business results and reputation, influencing performance relative to industry competitors.
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Citigroup Lawsuit Revelations
In November of 2023, a lawsuit filed by Citigroup executive, Artith Lindsey, accused the bank of fostering a culture of harassment and discrimination within its equities unit. This legal action shed light on the alleged issues within Citigroup's culture, prompting deeper investigation to understand the extent and longevity of such behaviors.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode