Can you help me with the following assignment?
Describe in your own words an incident where Citigroup faced an ethical situation. Describe the consequences of their actions.
Business ethics is the branch of ethics that examines ethical rules and principles within a commercial context; the various moral or ethical problems that can arise in a business setting; and any special duties or obligations that apply to persons who are engaged in commerce. In recent times, this word has been referred to as an oxymoron. Those who are interested in business ethics examine various kinds of business activities and ask, "Is the conduct ethically right or wrong?" The corporations apply business ethics by having good corporate governance.
Citigroup had struck secret deals with companies that said that the bank's stock research division would rate that company a "Buy" if it would do investment banking with that division.
This is an ethical situation where there is a tradeoff between the unbiased research and the business development. ...
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