Tag: Justice in the Financial Sector
Tri-CRI Urges Wells Fargo Shareholders to Support Business Standards Review Resolution
April 20, 2017The Sisters of St. Francis of Philadelphia and sixteen co-filers, including members of the Tri-State Coalition, filed a shareholder resolution urging Wells Fargo to conduct a Business Standards Review in response to the consumer fraud scandal as the company continues to face serious regulatory, business, legal, reputational and human capital risks. Unethical business practices, the insular company culture, […]
Tri-CRI Members Urge Top Banks to Support the CFPB
January 5, 2017Several Tri-CRI members signed letters addressed to the nation’s top banks asking them to express support the Consumer Financial Protection Bureau and resist attempts to weaken its effectiveness. Investor letters coordinated by the Interfaith Center on Corporate Responsibility were sent to: Bank of America BNY Mellon Citibank Goldman Sachs Morgan Stanley Wells Fargo Click here […]
Tri-CRI Meets with Cardinal Peter Turkson
March 4, 2016Cardinal Peter Turkson, President of the Pontifical Council for Justice and Peace, who was the primary author of Laudato Si’, was in New York this month and we were pleased to have the opportunity to not only, see him speak, but also meet with him. He was the keynote speaker at a session entitled “Catholics, Capitalism, and the Climate,” […]
Event: November 20th Press Conference on Bank Scorecard
November 19, 20137 Leading Banks to be Scored on Key Shareholder Concerns, Including Executive Compensation and Risk Management Scorecard from Interfaith Center on Corporate Responsibility to Examine Bank of America, Bank of New York Mellon, Citi, Goldman Sachs, JP Morgan Chase, Morgan Stanley and Wells Fargo. NEW YORK, NY///November 18, 2013///How do America’s top banks stack up […]
Ranking the Banks
November 6, 2012Ranking the Banks Read more, access videos, detailed resources and more at http://www.iccr.org/issues/subpages/finance.php JPMorgan Chase announces a trading loss on its own accounts of somewhere between $2 and $9 billion from a derivatives trade that spiralled out of control; Barclay’s admits to manipulating the LIBOR interbank lending rate; the attorney general of Massachusetts brings a […]
Faith Based Investor Challenges Jamie Dimon
May 17, 2012Thursday, May 17, 2012 Fr. Seamus Finn, OMI questioned the CEO of JP Morgan Chase on Tuesday during their Annual Meeting in Naples, Florida. He raised concerns about the recently announced $2billion trading loss, as well as Jamie Dimon’s strong opposition to the Volcker rule. Finally, Fr. Fin sought clarity and transparency around the firm’s […]
Faith and Finance: Finding Common Ground to Protect the Common Good
October 30, 2010ICCR’s Financial Services group issued a white paper titled, Faith and Finance: Finding Common Ground to Protect the Common Good outlining the priorities essential to reform. The resource concludes that many changes still need to occur in order for confidence in the financial system to be restored, such as the revolving door between the private […]
Goldman Chief Promises a Review of Bank’s Practices
May 7, 2010The head of Goldman Sachs, at his first meeting with shareholders since the government accused the bank of defrauding some clients, vowed on Friday to conduct an internal review of the company’s business practices to make sure it was serving its customers and the public interest. Goldman investors arriving Friday at the annual meeting in […]
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 […]
