Citigroup has become the latest major US company to abandon its diversity targets, joining a growing list of corporations, including JPMorgan, that are scaling back their diversity, equity, and inclusion (DEI) initiatives. As pressure mounts from conservative activists and former Trump administration influences, Citigroup has scrapped its diversity goals and renamed its DEI unit. JPMorgan, under CEO Jamie Dimon, is also facing scrutiny and plans to remove references to DEI from its annual report and website while anticipating criticism regarding its policy shifts. This trend reflects a broader corporate retreat from DEI efforts on Wall Street, as banks seek to avoid backlash and potentially escape federal scrutiny, illustrating the ongoing tension between diversity initiatives and political climates.