Wall Street banks are cancelling DEI programs.

Sharing is Caring!

Goldman Sachs Group Inc. has made a surprising change to its “Possibilities Summit” for Black college students: It’s opened the program to White students.

At Bank of America Corp., certain internal programs that used to focus on women and minorities have been broadened to include everyone.

See also  How are small banks surviving when their credit card default rates have completely blown through historical volatility levels?

And at Bank of New York Mellon Corp., executives are being urged to reconsider hard metrics for workforce diversity. Lose them, lawyers have advised.

This is what diversity, equity and inclusion looks like on Wall Street today: anxious, fraught – and changing fast.

See also  10 major central banks set to slash rates in largest coordinated easing since the Great Financial Crisis.

archive.is/2jfaN#selection-1669.0-1681.115

Views: 80

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.