By Kori Hale
African American workers are disappearing at major U.S. banks, all while men who run the biggest firms preach the value of diversity. The number of Black bankers has declined for the eighth consecutive year at Citi, along with falling for the sixth straight year at JPMorgan. Is Wall Street unwilling or unable to make lasting and consistent change when it comes to its Black workforce?
The Breakdown You Need to Know
Banks lag behind the U.S. workforce, where about 12% of labor participants are Black. For Citi, its downward slide in Black employees follows a decade of gains. Back in 2009, Black employees made up about one in six people at the bank, now they are down to about one in 10 U.S. employees. “While our commitment to diversity is Click here to read entire article