Citi’s DEI U-turn raises alarm about Wall Street under Trump

By Todd Gillespie, Emily Flitter, Dinesh Nair and Laura Noonan
Published 4 Min Read

Citi CEO Jane Fraser at a 2023 Senate hearing, surrounded by her counterparts at other major U.S. banks.
BloombergCiti CEO Jane Fraser at a 2023 Senate hearing

“DEI is part of our DNA,” Citigroup’s head of talent said in an interview just two months ago, calling it not only a priority, but “a business imperative.”

The bank’s U-turn came fast.

Todd Gillespie, Emily Flitter, Dinesh Nair and Laura Noonan

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