Goldman Sachs has ended a ban on underwriting companies with all-White, all-male boards, becoming the latest corporate giant to scale back a DEI initiative.

The bank ditches a policy that stopped it acting on flotations for firms with an all male, all white board.

Diversity standards at Goldman and Nasdaq were powerful—but are now gone.

The vice chair of Goldman Sachs has announced the bank has axed a diversity rule which excludes white men. As a result of legal challenges and political scrutiny, the bank has dropped its IPO board diversity requirement entirely,