Against a backdrop of intensifying climate protests targeting Wall Street, the heavyweights of US finance are pushing back against what they characterize as a fundamentally flawed debate.
For more than a month now, scores of activists have mounted near-daily protests outside the Manhattan headquarters of Citigroup Inc., with video footage showing tense scenes and a memo to staff urging employees to stay cool. The campaign — dubbed “Summer of Heat” — promises a steady escalation of disruptions and says its ultimate goal is to “shut down Wall Street.”
Far from caving in to such pressure, Wall Street is coalescing around a clear message: Private money will