Wall Street has officially started pulling back on DEI efforts

By Max Abelson, Simone Foxman and Ava Benny-Morrison
Published Updated 8 Min Read

Goldman Sachs Group 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, certain internal programs that used to focus on women and minorities have been broadened to include everyone. And at BNY Mellon, 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.

Max Abelson, Simone Foxman and Ava Benny-Morrison

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