Some clients were reportedly furious after speakers made remarks they deemed to be critical of Ukraine.
Bank of America reportedly ended an online client conference earlier than planned this week after some speakers triggered an uproar by making remarks that were deemed to be pro-Russian.
A bank spokesperson reportedly pushed back on the characterization of the remarks made by Sheehan and said he was referring to views held by others, not his personal opinion. A BofA executive reportedly referred to Ukrainian President Volodymyr Zelenskyy as a “master manipulator.”“If this is what Russia meant by removing Ukraine’s capacity to wage war against Russia, then it will arguably have won,” Petro said.
Two other unnamed guests defended Petro and downplayed the idea that his comments were overtly pro-Russian.Nevertheless, the backlash to the event was so severe that a Bank of America strategist reportedly called some clients to apologize for the situation, according to the FT. I still don’t get why US banks still wheel out speakers at events for clients who so often roll thru Moscow’s talking points on the war in Ukraine. If I recall it is Putin who has been indicted for war crimes in Ukraine, not Joe Biden.“I still don’t get why US banks still wheel out speakers at events for clients who so often roll thru Moscow’s talking points on the war in Ukraine,” tweeted economist Timothy Ash of BlueBay Asset Management, who was one of the conference’s attendees.
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