Goldman Sachs Report Shows Bank Is Losing Senior Black Women (1)

Goldman Sachs Group Inc. is losing its most powerful Black women, according to new data the firm released in a report on its website.

The bank had 19 Black women among its executives and senior officials as of November 2021, the bank said, down from 25 a year earlier, while the 24 Black men in that top rank stayed the same. Yet the bank’s overall Black employees in the US grew to 1,649 from 1,425, representing a boost to 7.4% from 6.8%.

In what Goldman calls the “most diverse managing director class to date,” 643 new promotions included 29 Black ...