Company Directory - SWBC
Company Details - SWBC
SWBC
WebsiteSan Antonio, United States
SWBC is a financial services company providing a range of comprehensive solutions including insurance, investment, and banking services. They serve both individuals and businesses, helping to manage risk and grow wealth through their various offerings.
CCI Score
CCI Score: SWBC
-8.77
Latest Event
SWBC CIO Endorses Trump’s Tariff Pause
SWBC's chief investment officer, Chris Brigati, was quoted in a CNBC article endorsing President Trump's temporary tariff pause policy, suggesting that the policy provides needed clarity on trade negotiations during a global trade war. His remarks align with an authoritarian approach to economic policy, indirectly supporting Trump's controversial stance.
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COLLABORATOR
SWBC is currently rated as a Collaborator.
Latest Events
- APR092025
SWBC's chief investment officer, Chris Brigati, was quoted in a CNBC article endorsing President Trump's temporary tariff pause policy, suggesting that the policy provides needed clarity on trade negotiations during a global trade war. His remarks align with an authoritarian approach to economic policy, indirectly supporting Trump's controversial stance.
- OCT012023
The SWBC Unionization Committee has outlined a series of demands including the adoption of thoughtful remote and hybrid work options, fair overtime compensation, transparent wage policies, a halt to offshoring, and strengthened job security. The union calls for measures that respect individual needs and support worker dignity and equity.
+80
Labor Relations and Human Rights Practices
April 9
The unionization committee’s clear and organized demands for improved remote/hybrid work arrangements, fair compensation for overtime, equitable wage practices, and resistance to offshoring initiatives underscore a strong commitment to labor rights, worker dignity, and progressive business practices. These measures directly oppose exploitative or authoritarian management practices, reflecting a positive anti-fascist stance in support of marginalized workers.
- JAN012023
SWBC employees participated in the American Heart Association's 2023 Heart & Stroke Walk, raising nearly $7,200, and also volunteered at United Way's Write Start Project Back-to-School Assembly. This event highlights the company’s active commitment to community service and ethical business practices.
+50
Public and Political Behavior
April 9
SWBC's participation in high-profile community events such as the Heart & Stroke Walk demonstrates a strong commitment to public engagement and social well-being, which counters tendencies toward isolation from community values often seen in authoritarian practices.
+40
Business Practices and Ethical Responsibility
April 9
The event underscores SWBC's adherence to ethical business practices by encouraging employee volunteerism and community engagement, strengthening social bonds and promoting inclusive community support.
- DEC132019
Former CIO Mark Berger was sentenced to two years in prison for accepting close to $1 million in bribes in exchange for awarding contracts between SWBC and IT staffing companies, highlighting serious lapses in ethical oversight within the company.
-80
Business Practices and Ethical Responsibility
April 9
The article exposes a corruption scheme where the former CIO accepted substantial kickbacks for awarding contracts, reflecting a significant breach of ethical standards within SWBC. Such unethical business practices undermine accountability and can contribute to broader institutional corruption.
- JUL052018
SWBC’s former Chief Information Officer, Mark Berger, admitted to accepting approximately $1 million in bribes in connection with awarding contracts to IT and staffing companies in New Jersey between January 2011 and March 2013. This illegal kickback scheme raises serious concerns about SWBC’s internal controls and ethical business practices.
-60
Business Practices and Ethical Responsibility
April 9
The admission of bribery by the former CIO reflects deeply unethical business practices within SWBC, undermining transparency and accountability. Such corruption compromises the integrity of contract awarding processes and indirectly weakens public trust in institutions, aligning with authoritarian tendencies by favoring private gain over public good.
Former CIO Admits Accepting Approximately $1 Million In Bribes For Awarding Contracts
- MAY172018
A proposed class action lawsuit alleges that SWBC, in collaboration with Ocwen Loan Servicing, charged mortgage borrowers for unnecessary force-placed insurance policies, resulting in unjustifiably high premiums and benefiting from unearned kickbacks.
-60
Business Practices and Ethical Responsibility
April 9
The lawsuit claims that SWBC engaged in unethical business practices by charging homeowners for force-placed insurance policies even when borrowers had existing valid policies. This alleged exploitation, characterized as profiteering and self-dealing, undermines fair and transparent business conduct, and has a harmful economic impact on vulnerable mortgage borrowers.
Ocwen, SWBC Accused of Charging Homeowners Unnecessary Force-Placed Insurance Premiums
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Industries
- 522320
- Financial Transactions Processing, Reserve, and Clearinghouse Activities
- 524210
- Insurance Agencies and Brokerages
- 541611
- Administrative Management and General Management Consulting Services