Citigroup has become the latest major financial institution to retreat from some of its diversity initiatives.
Citigroup CEO Jane Fraser told staff on Thursday Note The company has renamed its diversity, equity and inclusion (DEI) team and removed some of its diversity policies, including removing “ambitious expression goals unless required by local methods.” It’s walking. The bank’s decision comes amid an increase in reports that activist groups are asking financial institutions to abandon DEI’s policies.
The bank also saysAccording to the memo, a diverse panel of candidates and a diverse panel of interviewers no longer requires a diverse panel of interviewers, but it has the different perspectives included in hiring decisions and has been able to procure talent from the widest pool. I encourage them to continue. Citigroup introduced the Daily Courner News Foundation in a memo that it posted to its website when it reached for comment.
“We’ve been clear for a long time about the benefits of having a workforce of a variety of backgrounds, experiences and perspectives, because we can serve our clients and our community better.” Fraser wrote in his notes. “With our global footprint, this has always been a priority for us and we continue to aim to have a workforce that represents all our backgrounds.”
To avoid facing litigation and probes from the Wall Street Journal, several major American banks have quietly supported the public mention of the DEI. It has been reported. (Related: FCC will begin research into DEI policy at one of the largest corporate media outlets)
(Photo: Spencer Platt/Getty Images)
Since taking office in his second term, President Donald Trump has led a massive crackdown on American schools and federal government DEI programs. The president signed Presidential Order On January 20th, it ended the “wasteful” and “radical” DEI programs, prioritizing them across the federal government, stating that the diversity program is “immoral.”
Other Wall Street giants likewise began scaling their diversity policies in 2025, including Goldman Sachs.
Other company strings have also betrayed DEI’s efforts over the past year due to increased pressure from consumers and conservative activists. targetWalmart, Boeing, Lowes, Molson Coors.
Nevertheless, some companies such as The beauty of the elf Costco leaned over Day.
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