Citigroup to Review Trading Policy After Goldman Move

The video discusses Goldman Sachs' decision to bar employees from trading individual stocks and bonds, prompted by the release of secret tapes by Carmen Segarra, a former bank examiner. These tapes highlighted conflicts of interest in Wall Street policies. The video explores the implications of these tapes, the subsequent policy revisions by banks like Citigroup, and the broader debate on conflict of interest policies. It also delves into the tension between economic opportunities for bankers and the need for strict policies to prevent conflicts of interest, especially in the wake of the financial crisis.

What prompted Goldman Sachs to bar some employees from trading individual stocks and bonds?

Who is Carmen Segarra and what was her role in the context of Goldman Sachs?

What were the findings of Carmen Segarra regarding Goldman Sachs' conflict of interest policies?

How did the public release of Goldman Sachs' recordings impact the bank's policies?

What is the significance of having a conflict of interest policy in banks?