Wall Street Banks Begin a DEI Retreat as Fear of Backlash Looms

Goldman Sachs Group Inc. has made a surprising change to its “Possibilities Summit” for Black college students: It’s opened the program to White students. That’s just one of many changes happening on Wall Street to diversity, equity and inclusion programs, as fears of backlash and lawsuits snowball. The “lawyerly tweaks,” as executives are calling them, are starting to add up. And in an industry still dominated by White men, the changes could set back minor progress made in recent years.