The pressure on Barclays is also an indication of what will be coming the way of US banks in years to come, according to US investor As You Sow. “We are pleased to see Barclays show leadership at this particularly critical time of economic uncertainty,” said Danielle Fugere, president of As You Sow. “This announcement from a European bank continues to highlight the gap of inaction by US banks.” Read More →
Read MoreThis summer, some of the world’s biggest companies quietly abandoned one of the key tenets of US capitalism for the last half century or so – the primacy of shareholders, or the idea that companies primarily exist to serve the needs of shareholders.
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