Tag: Morgan Stanley

Commentary: To Rebuild Trust, U.S. Banks Have a Lot of Work to Do

RealClearWire

Trust in banks has plummeted.  From 2019-2022, the percentage of people who believe banks and financial institutions have a positive effect on the country fell among Republicans (from 63 to 38 percent) and Independents (by nine points). The problem grows every time a right-of-center group is debanked. Recognizing the problem, “rebuilding trust” is the theme of the World Economic Forum in Davos, Switzerland. The path to rebuild trust in finance is simple—keep politics out of banking.

In spite of an alleged priority of building trust, the largest banks are aligning themselves with radical United Nations (UN) climate initiatives linked to radical efforts to reduce Africa’s population and destroy Sri Lankan agriculture.

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Goldman Sachs Quietly Scrubs Race-Based Eligibility Criteria From Diversity Program After Legal Experts Raise Concerns

Virginia Star Staff

Goldman Sachs quietly scrubbed references to race from its eligibility criteria for a two-day “diversity symposium” after legal experts told the Daily Caller News Foundation the program could run into problems with federal civil rights laws.

The eligibility criteria for Goldman Sachs’ 2023 MBA Diversity Symposium previously restricted the program to students “that identify as Black, Hispanic/Latinx, Native American, or women,” according to a web archive from Sept. 13. The eligibility requirements no longer include race or gender, the current webpage shows, a change that follows a Saturday DCNF report on race and gender-restricted opportunities for college students offered by top Wall Street investment banking firms.

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For Years, Feds Received Waves of Warnings About Hunter Biden but Delivered No Consequences

Just the News

From 2015 until present, several federal agencies were alerted to suspicious activity and potential criminal activities by Hunter Biden, President Joe Biden’s son. Each time, the allegations did not result in any consequences for the first son.

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Miyares Joins Coalition of 18 Other Attorneys General Investigating Bank Involvement in U.N. Net-Zero Banking Alliance

Eric Burk

Attorney General Jason Miyares said he’s joining 18 other attorneys general led in an investigation into several major banks for their involvement in the United Nations Net-Zero Banking Alliance (NZBA).

“The U.N’s Net-Zero Banking Alliance, which includes American companies, punishes Virginia farmers and Virginia companies that deal with fossil fuel-related activities,” Miyares said in a press release. “Virginians are not subject to U.N. business standards. That’s why I’ve joined a coalition of attorney generals investigating six major American banks for ceding authority to a foreign body.”

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Morgan Stanley Criticized for Internship That Is Only Available to Gay or Non-White Applicants

Virginia Star Staff

On Tuesday, an equal rights group publicly called on investment bank Morgan Stanley to shut down an internship program that explicitly describes itself as only open to non-White applicants.

According to the Washington Free Beacon, a letter was sent to Morgan Stanley by the Project on Fair Representation, warning that the bank’s internship violated federal non-discrimination laws. The 2022 Freshman Enhancement Program is described on Morgan Stanley’s website as only available to “black, Hispanic, Native American, and/or LGBTQ+ freshman undergraduate student[s].” The internship has been promoted by several Ivy League schools, including Princeton University.

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