The Ethics of Citibank - Research Paper Example

Comments (1) Cite this document
This research paper dwells upon the ethics of the Citibank. As a function of this, this particular analysis will analyze the means by which an ethical breakdown fundamentally effected and contributed to the financial crisis within one of the United State’s most powerful banking institutions − Citibank…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96.9% of users find it useful
The Ethics of Citibank
Read TextPreview

Extract of sample "The Ethics of Citibank"

Download file to see previous pages As a means of understanding the ethical ramifications of the collapse and the contributing factors that ultimately led up to it, the analysis will first delve into something of a historical analysis of the collapse so that the key decisions that Citibank made leading up to and just prior to the collapse can be understood within a broader appreciation for the means by which successive ethical oversights and dependency behavior created the perfect something of a perfect storm that has affected untold millions around the world and cost untold trillions in loss to the global economy. Moreover, it is the hope of this author that such an analysis will help the reader to not only come to an appreciation for ethical factors and the impacts that they can have but to create a sense of urgency within the mind of the reader to integrate with ethical decision making at each and every step of the business process. As such, the forthcoming analysis will break down the financial collapse and subsequent ethical oversights into two main sectors; those dealing with the ethical oversights that existed prior to the crash and contributed to the global financial meltdown (evidenced within Citibank), and those ethical oversights that took place after the crash and fundamentally concerned appropriation and disbursal of stimulus funding.
Taking the more recent situation first, it can be noted that in excess of 220 billion USD was allocated to Citibank by the Federal government as a result of TARP. The initial reason for this allocation was of course the fact that the Federal government and key decision makers within the Federal Reserve felt that without TARP stimulus it would be highly possible that the poor investment structure of Citibank could lead to its collapse. Due to the fact that Citibank and others were labeled as “too big to fail”, it was determined that it was vitally necessary to transfer this massive amount of money from the taxpayers into the coffers of some of the largest financial institutions in the world. Not surprisingly, Citibank and others were none to alarmed with such a rapid increase in the overall level of money that they could leverage to meet their liabilities. Unfortunately, rather than leveraging this money and immediately doing a thorough audit of their firm to ensure that key standards were being met and no such situation as had been witnessed the following year could ever occur again, the key ethical oversight of merely continuing to conduct business as usual was witnessed. Certainly, it can be noted that Citibank and others met minimum federal requirements; however, a proactive stance in seeking to maximize their shareholders utility and minimize any potential and lingering levels of ethical oversights was not engaged. Moreover, it can also be noted that one of the first major managerial decisions that was made after the financial collapse and subsequent federal disbursal of bailout funds was with relation to liberal bonuses for many of the top leadership positions within Citibank. This serves as perhaps the most visible ethical oversight that this brief analysis will analyze. The news media soon picked up on this revelation and broadcast the names and actual bonus levels that many of these upper ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“The Ethics of Citibank Research Paper Example | Topics and Well Written Essays - 2250 words”, n.d.)
The Ethics of Citibank Research Paper Example | Topics and Well Written Essays - 2250 words. Retrieved from
(The Ethics of Citibank Research Paper Example | Topics and Well Written Essays - 2250 Words)
The Ethics of Citibank Research Paper Example | Topics and Well Written Essays - 2250 Words.
“The Ethics of Citibank Research Paper Example | Topics and Well Written Essays - 2250 Words”, n.d.
  • Cited: 0 times
Comments (1)
Click to create a comment or rate a document
ondrickajustyn added comment 3 days ago
Student rated this paper as
At first, I thought 9 of pages is too much for such a topic. But now I see it could not be done smarter. As the author starts you see the depth of the question. I’ve read all at once. Great essay

CHECK THESE SAMPLES OF The Ethics of Citibank

Citibank case study

...? Ethics Question1: Was the accusation bribe or corruption involved? Citibank is a reputed intercontinental bank and serves as the banking support ofthe customers all across the globe. It was established in the year 1812 with its head office situated in New York City. It operates under the parent organization named Citigroup, which is third leading investment organization in banking sector in United States. It is one of the preeminent organization serving about 200 million customers across the world with a strong corporate image and identity in the market. It showed a net income of US $1.6 billion in the first quarter of 2009. In due course of time, the financial condition began deteriorating due to...
6 Pages(1500 words)Essay

Implementation of Balanced Scorecard by Citibank

...? Case study: Implementation of Balanced Scorecard by Citibank Citibank’s division in California has introduced a performance scorecard to underscore the significance of a range of measures set with the objective of achieving the strategic goal of the division. This paper examines the varied theoretical lenses provided by economics, psychology and sociology that are effective in the understanding the issues I expect the bank to observe during the implementation of the balanced scorecard. Next, it examines how effective the balanced scorecard is in helping Citibank achieve its organizational culture change after which it offers some objective recommendations. It further evaluates the...
10 Pages(2500 words)Essay

E-Business Strategy Review Report on Internet Banking : CitiBank

...on the theories and correlating with the internet banking strategies will be discussed keeping the customer base and their primary utilities in mind. The report will also state the global target and scalability of e-business and internet banking and the future market trend. This will make a company like Citibank focus on the growing market trends, the behavior of the e-customer, their preferences and non preferences to come up with the best service e-age banking can provide to the customers. The legal and ethical issues are also looked into so that there is a proper flow and distribution of relevant customer data and banking information. The key findings to the report are to highlight the growth in the...
16 Pages(4000 words)Essay

Citibank IN New Countries for Futures Markets Development

...location best compatible with the service. Product extension not only facilitates realization of set objectives but also does so within shorter time limits. This is mainly because this strategy focuses on diversifying the services of the bank thus forming a wider customer base. Although this process requires transfiguration depending on the target, it aids achievement of the bank’s objectives; formation of a wider customer base, provision of comparatively better services and profit maximization. Citibank seeks to expand with the aim of developing future markets in foreign countries. With critical analysis of market criterion such as market size, market growth rate and cultural proximity, there is successful...
3 Pages(750 words)Essay

Citibank,NA. Citigroup

...?Citibank, N.A. Citigroup number Citibank, N.A. Citigroup Company overview Citibank National Association (formerly known as Citibank, N.A. and also known as Citibank), is one of the largest commercial banks in the world. The bank is based in New York in the United States and operates in 44 countries in North America, Latin America, EMEA and Asia (Boone and Kurtz 54). Citibank, N.A. is a wholly-owned subsidiary of the Citigroup, Inc. The company deals in various financial activities, the most popular services offered by Citibank are investment banking, consumer finance, e-commerce, mortgage lending, cash management,...
6 Pages(1500 words)Essay

Citibank Case Analysis

...Citibank Case Analysis (1989) The process of economic liberalization took shape in the Asia-Pacific region during the 1980s. In markets like Australia, Singapore, Hong-Kong, Singapore, and Taiwan credit cards were already in use in a big way. The market share of Citibank was not much in these markets until this time. Part of the reason was that, Citibank did not try to work out an aggressive marketing approach towards establishing itself as a leading brand in credit card business. Other markets in the region like India, Malaysia, Thailand and Indonesia too are gradually opening up to the globalised concept of economy, which in turn means inviting and facilitating willing foreign banks to...
5 Pages(1250 words)Essay

The Current Citibank Status

...Running Head: THE CURRENT CITIBANK STATUS AND THE ECONOMY FOR COMMERCIAL LOANS The current Citibank status and the effect on consumers and the economy for commercial mortgage and loans [Name] [University] Abstract Zero percent APR. Roll over, sleep better (referring to 401k plan). Earn more money in less time with a Citibank 12-month CD. Citi expands Homeowner Assistance Programinnovative initiative lowers mortgage payment to below-average cost of monthly rental while unemployed homeowners regain their footing. Headlines found on the Citibank main web site in the midst of a global economic crises (and with a $45 billion government bailout in its own...
6 Pages(1500 words)Essay

Citibank Internet Banking

...Internet Banking at Citibank U.K A Critical Analysis Introduction What use is a better mousetrap if the mouse gets lost finding the cheese Or worse, what if there's a cat lurking nearby, ready to pounce at the mouse's slightest movement To find out, this researcher played the role of a mouse by navigating through the internet banking website at the U.K. branch of the biggest bank in the world. More than a decade ago, Internet Banking was hyped as an exemplar of a frictionless market (Gates, 1995), a perpetual cash generator that would suck in customers and spew out an endless profit stream. It was only this year that U.K. banks could honestly claim that Internet banking is, at last, contributing to the bottom line...
8 Pages(2000 words)Assignment

Internet Banking at Citibank UK take rich banks this long to do it right? Which brings us to our key question: are banks finally doing the “right” things “right”? Our experiment called for an evaluation of how basic marketing principles and the Internet were combined to produce a successful Internet Banking customer experience. Our findings will show if Citibank U.K. have done their homework, matching strategic vision with real customer needs. In the case of internet banking, this involves the attainment of near-frictionless commerce, allowing customers to connect to the bank and do business anytime and from anywhere, with speed and convenience, and hopefully with each transaction generating value for the customer and a tidy profit for the...
8 Pages(2000 words)Essay

International Business: Research of Citibank

...) Contributions and Lobby According to Citibank is a major part of political donations even being one of what they call "heavy hitters" which are the biggest 140 donators. Since 1990 the money was given almost exactly the same to both republicans and democrats for a total of about 15 million dollar each. There doesn't look like a pattern for donations they change from year to year. In the 2012 year of election Citibank gave about ten percent more money to democrats but gave more than double the money to Mitt Romney then Barack Obama. Most of their lobbying money was for financial reform and tax changes that would be best for the company. f) Illegal and Unethical Actions Before the...
3 Pages(750 words)Research Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Research Paper on topic The Ethics of Citibank for FREE!

Contact Us