Faith-based investors push bankers for transparency
Dennis Sadowski
WASHINGTON — As Congress debates legislation to restrict the activities of financial traders, a group of faith-based institutional investors is pressuring four of the nation’s largest banks to become more transparent in the way they transact investment deals.
The investors, under the banner of the New York-based Interfaith Center on Corporate Responsibility, have introduced shareholder resolutions that call upon the banks to act more openly and with clarity in the trading of financial products known as derivatives.