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

Bank of America Corp. is scaling back its workplace diversity goals and removing diversity-related language, aligning with peers that attribute the shift to legal changes under the Trump administration.

There were zero references to the company's diversity efforts in the 2025 report, compared to 12 references last year.

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.