The fact that America’s biggest banks (not to mention many of its biggest companies) have embraced virtue-signaling on issues like racial equality and representation is nothing new. But in the race to be seen as the most beneficent megabank on Wall Street, Citigroup appears to be pulling ahead. One year after releasing a 104-page paper purporting to analyze the impact of racism and inequality on America’s economy – the analysts ultimately determined, in a report that reads more like propaganda than sell-side research, that “systemic racism” has helped to destroy some $16 trillion in economic value over the last 20...