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Beverly Anderson, a veteran banker in charge of Wells Fargo's new credit card push, shares her advice for how banks can pull women and people of color into their senior executive ranks.
April 29 -
Bankers and companies including JPMorgan Chase and Citigroup praised landmark Supreme Court decisions that expanded federal benefits and struck down some restrictions on same-sex marriage.
June 26 -
Big banks have been among the most vocal supporters of gay rights in the workplace. Many LGBT bankers laud the progress but say diversity efforts still sometimes fall short.
May 7
Banks have made
For the biggest financial companies, the past year has tested their recent commitment to equal rights everywhere that they do business. Countries including Russia, Uganda and Brunei have recently passed harsh anti-gay laws, making homosexuality punishable by jail time and even
Those laws are challenging the policies and the generally glowing reputations that big multinational companies have established for promoting and protecting homosexual equality in recent years. Financial companies including Visa (NYSE:V) and Citigroup (NYSE:C), for example, recently drew
Top executives at some of those companies acknowledged the problems on Thursday, while professing their ongoing commitment to gay rights.
"There's a lot of grey in the world. We have to be mindful of the rules and laws in the places where we operate," Michael Corbat, the chief executive of Citigroup (NYSE:C), said during a panel discussion at his company's downtown investment bank offices.
Corbat argued that companies such as Citigroup, which regularly touts its "
"You can't run from these places. You've got to work behind the scenes," he said, adding that "behind the scenes, we will use all our resources to have the conversation" about why laws criminalizing homosexuality are wrong.
He didn't provide many specifics about what exactly Citigroup is doing behind the scenes in places like Russia to advocate for change to its anti-gay laws. The bank is
MasterCard (MA) is another company that has seen its business
Big financial companies should "start from the logic of arguing for equality then you can start tackling issues one by one," Banga said.
He and Corbat were speaking at the annual "