The Wall Street Journal

Big banks are scrubbing their public mentions of diversity efforts

Big banks are scrubbing their public mentions of diversity efforts
Wall Street is pulling back from diversity programmes. (Image: File)
The Wall Street Journal
By Annamaria Andriotis and Gina HeebUS banks are scaling back their public support for diversity and inclusion to avoid winding up in the crosshairs of a legal landscape increasingly hostile towards such policies.  Morgan Stanley, JPMorgan Chase and Citigroup are removing or watering down public language around efforts to promote or support diversity, equity and inclusion, or DEI, according to people familiar with the matter. Wells Fargo and Bank of America have also started to pore over their language, some of the people said.The mov...

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