Summary
ONE does not know whether to laugh or cry at the latest wheeze from Citigroup chief executive Chuck Prince to convince the world that the bank is a paragon of ethical behaviour.
It was reported yesterday that the firm was going to install an ethical hotline - a phone service over which employees could report any suspicions or sightings they have of business that falls short of the highest possible standards it claims to espouse.See the full content of this document
Extract
Honesty Should Be Banker Bet
Presumably, on the call-centre principle, the whistleblower would be checked to see if he or she had a touchtone phone, then press button one for front-running, two for mispricing an IPO, three for rigging an ...
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