City Of London
Staff Push London Banks to Steer Clear of Pride Parade on Racism Furor
- Pride in London apologized, pledged overhaul after allegations
- Banks often among the event’s most prominent sponsors
A pride message at Piccadilly Circus, 2021.
Photographer: Hollie Adams/Getty Images
This article is for subscribers only.
Staff at some City of London banks are pushing their firms to distance themselves from this year’s Pride in London parade over concerns about allegations of racism at the organization that came to light last year.
Employees at lenders including Citigroup Inc. and Barclays Plc have been in private, joint discussions over whether to sponsor or otherwise support the event, according to people familiar with the matter. The July parade, which supports LGBTQ+ communities, will be the first in-person event since the pandemic and marks the 50th anniversary of the first Pride march in the U.K.