Citigroup's CEO has announced that the bank will ditch its diverse candidate slate requirement, opting instead for a more 'flexible' approach to hiring.

Less than a year ago, the bank boasted of its dedication to the same targets it just cancelled. “Citi’s 2025 aspirational representation goals are embedded in its business strategy,” it said then.

The Department of Education Office for Civil Rights sent out a memo last Friday informing schools and universities to stop ...