Financial institutions drop the ball on diversity | Auto Finance News | Auto Finance News

Financial institutions drop the ball on diversity

Megabanks, including Bank of AmericaJPMorgan Chase, and Wells Fargo, are still lagging when it comes to diversity and inclusion, the House Financial Services Committee found.

An analysis of diversity data from 2015 to the present provided by the nation’s eight largest banks found that although the financial institutions are making progress, “there is still much to do,” the committee said. For example, the boards of directors at these institutions are comprised of 29% women and 17% minorities. By comparison, the U.S. population is comprised of 50% females and 40% minorities.

Check out the committees other findings, and their recommendations, on our sister site, Auto Finance Excellence, here.

  Like This Post