Last year, the bank promoted 387 employees to managing director roles in 2024, more than half of whom were women and people of color.

Bank of America (BAC) has revised some of its diversity, equity, and inclusion (DEI) initiatives in response to the changing legal scenario

The Charlotte-based bank removed references to its previous diversity hiring targets and a rule requiring managers to consider a broad range of candidates for job openings, according to its latest annual filing released on Tuesday.