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JPMorgan Chase, Wells Fargo, Bank of America, Citigroup and Morgan Stanley Examining or Eliminating DEI Language After Trump’s Executive Order: Report

Big banks are quietly scrubbing the public record of their diversity, equity and inclusion (DEI) policies following US President Donald Trump’s upheaval of the controversial practice. Citing banking executives, lawyers and other insiders familiar with the matter, The Wall Street Journal reports that JPMorgan Chase, Citigroup and Morgan Stanley are all “watering down” their language on DEI, while Wells Fargo and Bank of America are also starting to analyze their language. It marks the first time that Wall Street has pulled away from DEI since first embracing it in 2020. The banks’ pivot is in reaction to Trump’s signing of the executive order titled “Ending Radical And Wasteful Government DEI Programs And Preferencing” targeting DEI, plus his rescinding of over 80 executive orders signed by former US President Joe Biden that touch on DEI. Morgan Stanley has reportedly deactivated a page on its website promoting a scholarship and recruiting program that was advertised as being for people who are “historically underrepresented in the financial services industry.” If the link is reactivated, WSJ reports that Morgan Stanley will most likely reword it so the program is being advertised to a wider array of applicants. Certain banks have also been warned by their lawyers that keeping DEI practices in place after erasing public affirmations of them leaves them at risk for criticism or potential litigation if whistleblowers alert federal officials or activists. FOX News reported that workers and civil rights organizations have begun suing to stop Trump’s executive orders, arguing among other things, that they will negatively affect certain groups of people. White House spokesman Harrison Fields said the Trump administration was “ready to face them in court.” Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post JPMorgan Chase, Wells Fargo, Bank of America, Citigroup and Morgan Stanley Examining or Eliminating DEI Language After Trump’s Executive Order: Report appeared first on The Daily Hodl . BitcoinSistemi

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The Week Ahead Will Focus On These Altcoins: Major Events – Here’s the Watchlist

The cryptocurrency market is gearing up for an eventful week with several major developments to come. Prominent crypto analyst The DeFi Investor has revealed the key altcoins that the community should keep an eye on in the coming days. Solana (SOL) will witness a significant token unlock on March 1 with the release of $1.9 billion worth of SOL from FTX’s holdings. Investors will be closely watching how this impacts the token price and market dynamics. Decentralized lending protocol Aave (AAVE) is expected to go live on Sonic layer-1 next week. The next Nvidia earnings report is scheduled for February 26. Given Nvidia’s strong influence in the artificial intelligence (AI) sector, a positive earnings report could further fuel interest in AI-related crypto assets. The launch of KernelDAO’s native token, KERNEL, is imminent. It will also serve as the native token for Kelp DAO, a widely used liquid repurchase protocol. On February 25, Stacks (STX) will increase the deposit limit for its yielding BTC-backed token, sBTC. Starting next week, Kaito`s network fees will begin to be distributed to KAITO stakers. The ETHDenver conference brings together developers, investors, and industry leaders, kicking off on February 27. The event is expected to feature major announcements from Ethereum ecosystem projects and be a very important event for ETH holders. However, famous rapper Kanye West will launch a memecoin and if it turns out to be like other famous memecoins, it could cause a significant amount of liquidity to be withdrawn from the market. *This is not investment advice. Continue Reading: The Week Ahead Will Focus On These Altcoins: Major Events – Here’s the Watchlist BitcoinSistemi