BofA Scraps Diversity Goals in Latest Wall Street DEI Retreat

Bank of America Corp. is rolling back workplace representation targets and replacing references to diversity, joining peers in citing legal changes under the Trump administration.

The bank will no longer have “aspirational” goals for diversity and inclusion, which were referenced in previous regulatory filings, according to a person familiar with the matter. On Tuesday, an annual report by the bank added new language about creating an “inclusive environment” and switched out numerous references to the word “diversity,” replacing them with “talent” and “opportunity.”

“We evaluate and adjust our programs in light of new laws, court decisions and, more recently, ...