Big banks are scrubbing their public mentions of diversity efforts

Wall Street is pulling back from diversity programmes. (Image: File)

Tue, 18 Feb 2025

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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