Leon Calvaria, vice-chairman of clients and banks, predicts how President Donald Trump’s policies will affect the economy.
The leading US-based bank Citigroup is part of the list of American companies that will bring back diversity, equity and inclusion (DEI) initiatives within the recruitment process.
Citigroup will no longer require a diverse pool of applicants for job interviews, except as required by local law, CEO Jane Fraser said in a memo on Thursday, Reuters reported. did.
The bank will also rename the “Diversity, Equity, Inclusion and Human Resource Management” department to the “Human Resource Management and Engagement” team.
“It’s important to note that we live in an environment where things are changing rapidly,” Fraser writes, but Citigroup “has the various perspectives involved in employment decisions.” They still encourage “best practices.”
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Citigroup did not immediately respond to Fox News Digital’s request for comment.
Citigroup CEO announced a revision of diversity, equity and inclusion employment practices in Thursday’s memo. (Getty Images)
The decision removes policies that require other top bankers, such as Goldman Sachs, to acquire companies with at least two diverse board members, and JPMorgan Chase faces criticism of some of its own DEI practices Because I’m preparing to do it.
President Donald Trump has launched a new business environment that encourages withdrawal from DEI policies. He reviewed those practices and signed multiple orders to potentially eliminate them.
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In his first month of taking office, Trump signed an executive order directing government agencies to investigate DEI programs with public companies, large nonprofit companies, associations and associations with at least $500 million in assets .
Recently, the Trump administration revised federal acquisition rules this week, demanding that the government cease DEI consideration when awarding contracts, and fundamentally DOGE and federal businesses We collaborated with a broader effort to convert.
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While Costco continues to resist, “Big Money Show” talks about Day’s policy at a company.
Leon Calvaria, vice-chairman of clients and banks, spoke with Fox Business Maria Bartilomo at the World Economic Forum last month, saying he plans to be “cautious” in the banking environment in 2025.
“There’s a lot of potentially going to happen in the market, and we want to ensure that we get a significant distribution of that,” Calvaria said. “In this environment, we continue to selectively add people where that makes sense.”
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Alec Schemmel and Andrew Mark Miller of Fox News and Eric Revell of Fox Business contributed to this report.
