Browsing the "Citibank" Tag

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New action at Citibank to protest record profits (with video)

The Washington, DC arm of Occupy Wall Street has called for a day of action against Citibank. At this hour they have staged a protest at a DC branch with more than 40 protestors, and word is that some have once again been locked inside the branch and police have been called. We’ll see if DC police behave in a more civilized manner than NYPD.

Citibank, one of the largest recipients of bailout money, has nonetheless managed to pull off record profits, pay their executives huge amounts, and pay minimal taxes, which makes them a poster child for everything that Occupy Wall Street is protesting against.

October 20th

New video: inside Citibank as guards prevent Occupy Wall Street demonstrators from leaving.

A new video has been posted from inside the Citibank in New York City that was the scene of mass arrests on Saturday.
The video clearly shows Occupy Wall Street protesters, who had come to the branch to close their Citibank accounts, trying to leave. They are prevented from doing so by Citibank security guards and a man in a grey sweater who never identifies himself, but tells them, “It’s too late.”
Soon police show up and tell the demonstrators they are all under arrest for criminal trespass – even as the occupiers say “We were never given a warning by police officers.”

October 20th

Occupy Wall Street: Citibank was stupid. Chase bank was smart.

By now just about everyone in the country must know that 23 Occupy Wall Street demonstrators were arrested Saturday in Manhattan when they attempted to close their Citibank accounts. Their crime: they talked about it too much.
What you probably don’t know is: on the same morning a similar group went to a Chase bank branch and engaged in a similar action. You don’t know this because, unlike at Citibank, the Chase manager just rolled with it. No arrests, no police, and it was all over in a few minutes.
So while the demonstrators made some poor choices, Citibank made some EXTREMELY poor choices.

October 17th

DON’T close your Citibank account today. They’re arresting people.

In what can only be the stupidest public relations move in corporate history, financial behemoth Citibank reacted to customers trying to close their accounts today by… bringing in a ton of cops and having them arrested.
Even in the dark days of the 1930s and the great depression, when there were actual panics and bank runs, nobody tried such a spectacularly stupid move.

October 15th