As banks retreat from DEI, Citi is making these changes to its diversity and hiring practices
In announcing the changes, Citi became the latest major corporation to retreat from DEI goals, as Trump seeks to end the practice in the public and private sectors and directs gov
Citigroup joins corporate retreat from diversity initiatives
The bank will not have "aspirational representation goals" except as required by local law, CEO Jane Fraser said.
Citigroup Rolls Back Diversity Initiatives—Here Are All The Companies Cutting DEI Programs
Following Trump's lead, organizations including Walmart, Lowe’s and Meta have announced they would scale back their commitments to diversity, equity and inclusion programs.
Citigroup drops its diversity targets, renames its DEI unit
Citi CEO Jane Fraser said the bank would renaming its diversity, equity, and inclusion team, among other changes, amid a growing DEI backlash.
Citi Scraps Diversity Goals, ‘DEI’ Term Under Trump Pressure
Citigroup Inc. is ending workplace representation goals and removing requirements to interview job candidates from diverse backgrounds, citing pressure from the Trump administration.
Citi becomes latest US company to abandon diversity targets
Citigroup is scaling back its policies around diversity, the latest US company to retreat from targets to promote a more inclusive workforce. Donald Trump’s return to the White House has intensified a backlash to diversity,
Citigroup Scales Back DEI Initiatives
The diversity, equity, and inclusion dominoes continue to fall, and Citigroup became the latest to tumble. CNBC reported that Citigroup CEO Jane Fraser sent a companywide memo Thursday, stating that it no longer require a diverse slate of candidates for job interviews,
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Bank of America to close in 16 states: exact branches
I n a significant shift reflecting the evolving landscape of banking, Bank of America has announced plans to close several of its physical branches across 16 states by 2025. This ...
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Warren Buffett’s Berkshire reveals stake in Constellation Brands, cuts holdings of Citi, BofA
In Friday’s filing, Berkshire said it lowered its Citigroup stake 74% to 14.6 million shares, and its Bank of America stake, until recently its second-largest common stock holding, 15% to 680.2 ...
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Miami's getting a new bank; Citi adds an accounting chief
FNB Corp marked the grand opening of its new downtown Pittsburgh headquarters this week. The bank owns and occupies the ...
Bank of America hires former JPMorgan executive to strengthen private bank, memo says
Bank of America has hired JPMorgan Chase veteran Mike Marino as the Georgia market executive of its private bank, according ...
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Citi’s Sieg sees tech lag as an invitation to innovation
The bank’s market position – behind its peers – is a challenge that allows it to find ways to leapfrog competitors, Citi’s ...
Bank of America bumps Moynihan’s pay to $35M for 2024
BofA CEO Brian Moynihan received a 21% pay raise, according to a Friday filing. Capital One disclosed a $31 million incentive ...