Rep. Waters Releases Summary of Largest Banks’ Diversity Figures

The nation’s largest banks have made progress in their efforts to become more diverse and inclusive, but room for improvement remains, according to data released by the House Financial Services Committee today. The data was compiled from eight institutions in response to requests from Chairwoman Maxine Waters (D-Calif.) and Diversity and Inclusion Subcommittee Chairwoman Joyce Beatty (D-Ohio).

While all firms have worked to increase diversity and inclusion within their organizations, the data showed that bank boards and senior leadership remain predominantly white and male. Women and members of racial or ethnic minorities represent 29% and 17%, respectively, of bank directors, and 24% and 25%, respectively, of senior leadership.