Finance

Citi Diversity U-Turn Signals Wall Street’s Retreat Under Trump

Citi CEO Jane Fraser at a 2023 Senate hearing, surrounded by her counterparts at other major US banks. Photographer: Ting Shen/Bloomberg
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“DEI is part of our DNA,” Citigroup Inc.’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.