Goldman Sachs has ended its restriction on underwriting companies with all-White, all-male boards in the United States and Western Europe, becoming the latest corporate behemoth to evaluate its equity and inclusion practices at a time when President Donald Trump is stepping up attacks on DEI policies.

Following Trump's lead, organizations including Walmart, Lowe’s and Meta have announced they would scale back their commitments to diversity, equity and inclusion programs.

Goldman Sachs has ended its policy requiring IPO clients to have diverse boards, citing a legal ruling that ended a similar initiative at the Nasdaq.