Impact of Trump's Executive Order on DEI Programs in Financial Institutions

SOURCE www.breitbart.com
SIFMA announced a DEI Advocate Award while major members have scaled back DEI programs due to Trump's executive order. Several financial institutions have adjusted their DEI goals and language in response to new laws and executive orders.

Key Points

  • SIFMA announced a DEI Advocate Award amidst scaling back of DEI programs by major members
  • Financial institutions like Bank of America, Citigroup, JPMorgan Chase, and others have adjusted DEI goals and language
  • Changes made in response to Trump's executive order 'Ending Illegal Discrimination And Restoring Merit-Based Opportunity'

Pros

  • Recognition of DEI efforts through SIFMA's award
  • Adaptation to new laws and orders to ensure compliance

Cons

  • Reduction or elimination of DEI programs in major financial institutions
  • Potential impact on diversity and inclusion efforts in the industry