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<ul class="summary-list"><li>A former <keyword id="11896548" type="UNKNOWN" weightage="60" keywordseo="citigroup" source="Orion">Citigroup</keyword> employee says she <keyword id="12054965" type="UNKNOWN" weightage="60" keywordseo="quit" source="Orion">quit</keyword> her job rather than comply with Citi's vaccine mandate.</li><li>"We should all have the freedom to choose what we put into our body," Danielle Thornton told the BBC.</li></ul>A former Citigroup employee said she chose to quit her job at the bank rather than comply with its vaccine mandate because "freedom was more important than a paycheck."Citi earlier told its staff that <a href="https://www.businessinsider.com/citigroup-vaccine-mandate-fire-unvaccinated-employees-coronavirus-covid-policy-bank-2022-1?r=US&amp;IR=T">employees who were unvaccinated for the coronavirus by January 14 would be terminated by January 31</a> unless they had an exemption.Danielle Thornton, a 33-year-old mother of four who worked at Citi for nearly nine years as an operational risk manager, told the <a href="https://www.bbc.co.uk/news/business-60001143?at_medium=RSS&amp;at_campaign=KARANGA">BBC</a> she'd planned to "retire with Citi" and "always found it to be a good place to work."She said that in October or November she received an email from Citi's human-resources department saying employees had until January 14 to comply with the bank's vaccine mandate or they would no longer be eligible for employment."I try not to get into the politics of it all," she told the BBC, adding: "I don't think it's right. I think we should all have the freedom to choose what we put into our body."She told the BBC she and her husband had "many, many conversations about it" but "ultimately we decided that our freedom was more important than a paycheck."Thornton didn't apply for a religious or medical exemption from Citi's vaccine mandate, the BBC reported.She told the broadcaster that she contracted COVID-19 before shots were widely available but said vaccination "doesn't seem to be getting rid of this virus."Citigroup declined to comment.Sara Wechter, the head of human resources at Citi, said in a LinkedIn post on January 13 that the bank had achieved 99% compliance with its policy. "This level of compliance helps us create a safer workplace, protect your families and our communities, and ensure continuity of our business operations," she added.The use of vaccine <keyword id="12074177" type="UNKNOWN" weightage="60" keywordseo="mandates" source="Orion">mandates</keyword> by employers remains a divisive topic among employees. A December poll by <a href="https://news.gallup.com/poll/358073/worker-covid-vaccine-requirements-leveling-off.aspx">Gallup</a> found that 55% of workers supported vaccine mandates but 35% were opposed.On January 13, the US Supreme Court rejected an attempt by the Biden administration to introduce a <a href="https://www.businessinsider.com/supreme-court-biden-vaccine-testing-mandate-covid-19-2022-1?r=US&amp;IR=T">vaccine mandate for companies with more than 100 workers</a>. <a href="https://www.businessinsider.com/texas-judge-blocks-bidens-vaccine-mandate-for-federal-employees-2022-1?r=US&amp;IR=T">On Friday, a district judge separately blocked a mandate covering federal workers</a>.Since the Supreme Court ruling, some companies, including <a href="https://www.businessinsider.com/starbucks-ends-vaccine-mandate-for-baristas-following-scotus-ruling-2022-1?r=US&amp;IR=T">Starbucks</a>, have decided to ditch vaccine mandates.

A former Citigroup employee says she quit over the bank's vaccine mandate because 'freedom was more important than a paycheck'

<ul class="summary-list"><li><keyword id="11955834" type="UNKNOWN" weightage="60" keywordseo="south-dakota" source="Orion">South Dakota</keyword> is sheltering assets from individuals previously accused of financial crimes, the new <keyword id="12235949" type="UNKNOWN" weightage="60" keywordseo="pandora-papers" source="Orion">Pandora Papers</keyword> say. </li><li>"South Dakota now rivals notoriously opaque jurisdictions in Europe and the Caribbean in financial secrecy," the <keyword id="11901409" type="UNKNOWN" weightage="60" keywordseo="washington-post" source="Orion">Washington Post</keyword> reported.</li><li>The documents reveal that $360 billion in customer assets are sitting in trusts in South Dakota.</li></ul>Financial secrecy laws in South Dakota have made the state a prime location for foreigners who want to conceal and protect their assets, with tens of millions of dollars tied to people accused of financial crimes and human rights abuses, according to newly public documents. The Pandora Papers, leaked to the <a href="https://www.icij.org/investigations/pandora-papers/global-investigation-tax-havens-offshore/">International Consortium of Investigative Journalists</a> (ICIJ), explores the <a href="https://www.businessinsider.com/pandora-papers-world-leaders-stash-billions-dollars-secretive-offshore-system-2021-10">secretive offshore system the wealthy and power use to shield their money</a>. The millions of pages of documents were shared with media partners including <a href="https://www.theguardian.com/news/2021/oct/03/pandora-papers-biggest-ever-leak-of-offshore-data-exposes-financial-secrets-of-rich-and-powerful">the Guardian</a>, BBC Panorama, Le Monde, and the Washington Post. The documents reveal that $360 billion in customer assets are sitting in trusts in South Dakota. Over the years, state lawmakers in South Dakota have approved legislation drafted by trust industry insiders, protecting their customers' finances and adding additional benefits, according to the ICIJ. Over the last decade, the total dollar in these accounts has quadrupled from $57.3 billion."South Dakota now rivals notoriously opaque jurisdictions in Europe and the Caribbean in financial secrecy," the Washington Post reported.In 2019, for example, family members of the former vice president of the Dominican Republic, who once led one of the largest sugar producers in the country, finalized several trusts in South Dakota. The trusts held personal wealth and shares of the company, which has stood accused of human rights and labor abuses, including illegally bulldozing houses of impoverished families to expand plantations.Sioux Falls, South Dakota, with a population of less than 200,000, hosts <a href="https://www.businessinsider.com/tax-havens-for-millionaires-around-the-world-2019-11">tens of millions of dollars in trusts</a> belonging to <a href="https://www.businessinsider.com/jake-bernstein-panama-papers-offshore-banking-shell-companies-2018-2">people and companies</a> accused of human rights abuses and other wrongdoing, <a href="https://www.washingtonpost.com/business/interactive/2021/pandora-papers-offshore-finance/">the Post reports</a>.South Dakota is so appealing to the <a href="https://www.businessinsider.com/pandora-papers-putin-svetlana-krivonogikh-alleged-relationship-luxury-monaco-apartment-2021-10">ultra-rich</a> because they want the best security, the best income, and the lowest costs, the newspaper says.The state's laws have moved to allow for more financial security to protect asset holders, <a href="https://www.theguardian.com/world/2019/nov/14/the-great-american-tax-haven-why-the-super-rich-love-south-dakota-trust-laws">the Guardian</a> explains. In a normal bank, the government taxes the interest earned by the account. Even if that money is protected from taxes it can still be lost through a divorce or legal proceedings.However, in South Dakota, all assets are protected from any civil claims, the Guardian reports. Assets are not protected from criminal investigation. Because the state has no income tax, no inheritance tax, and no capital gains tax, finances there are also sheltered from the government, the outlet said.81 of the <a href="https://www.businessinsider.com/tax-abuse-tax-havens-cost-tax-justice-network-study-2020-11">offshore accounts</a> detailed in the Pandora Papers are in South Dakota, making it the state in the US with the largest number of trusts from the report, according to the ICIJ. "Trusts set up in South Dakota and many other U.S. states remain cloaked in secrecy, despite enactment this year of the federal Corporate Transparency Act, which makes it harder for owners of certain types of companies to hide their identities," the ICIJ said. The news outlets involved are expected to publish more details from the Pandora Papers in the coming days.

South Dakota now rivals offshore tax havens for financial secrecy, Pandora Papers say

<ul><li>As per a tweet by Motilal Oswal, <keyword id="6808641" type="UNKNOWN" weightage="20" keywordseo="Bandhan-Bank-stock">Bandhan Bank stock</keyword> will be added to MSCI index effective from October 16.</li><li>Bandhan is a long -term compounder and will be able to consistently deliver over 30% growth, said a research report by Axis Capital.</li><li>The merger with Gruh Finance will also allow the rapidly expanding Bandhan Bank with an extended portfolio of loans.</li></ul> Kolkata-based lender Bandhan Bank which has been servicing rural women with small loans, is now expected to hit the big leagues soon. As per a tweet by Motilal Oswal, the bank’s stock will be added to the MSCI index effective from October 16. Investors celebrated the huge feat by a 5-year old bank and the shares jumped nearly 10%, hitting the upper circuit, after which the exchanges halted trading in the company’s shares. MSCI is Morgan Stanley Capital International index is headquartered in New York. It enters a league of top stocks which will also provide by access to global investors, institutions and funds. As per the brokerage firm, this is an effect of its merger with Ahmedabad-based Gruh Finance which recently received an approval from National Company Law Tribunal. Even before the MSCI entry, Bandhan has been one of the rare banking success stories in India. “It is well placed to deliver industry-leading return ratios with a high-yielding assetbook on one side and robust low-cost deposit franchise on the other. Bandhan is a long term compounder and will be able to consistently deliver over 30% growth,” said a research report by Axis Capital in early September. The merger with Gruh Finance will also allow the rapidly expanding Bandhan Bank with an extended portfolio of loans. Currently, around 90% of the bank’s portfolio consists of small loans only. Gruh Finance, as the name suggests, provides housing loans mostly to rural populace. This loan portfolio will provide diversity to the primarily entrepreneurship-based loans that Bandhan currently provides. The shares of Bandhan hit an upper circuit at ₹608 per share in today’s trade, increasing by over 9% in the morning trade. The stock of Gruh Finance also rose by around 7.9% as of 12 pm. <div type="image" title="Coffee Day Global Ltd. is incorporated, in order to start the cafe business (1) (2)" tempid="101146" msid="71541429" hostid="261"></div>

A five-year-old bank lending to poor women in rural India has made it to MSCI in New York

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A former Citigroup employee says she quit over the bank's vaccine mandate because 'freedom was more important than a paycheck'

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South Dakota now rivals offshore tax havens for financial secrecy, Pandora Papers say

Emily Walsh

A five-year-old bank lending to poor women in rural India has made it to MSCI in New York

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