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Stock impact report

The DEI Debate in US Fails to Slow Top Minority-Owned Investment Bank [BNN Bloomberg (Canada)]

Siebert Financial Corp. (SIEB) 
US:NASDAQ Investor Relations: siebertnet.com
Company Research Source: BNN Bloomberg
At Siebert Williams Shank & Co., the top women- and minority-owned investment bank in the US, it's business as usual. Attacks against diversity have roiled other companies, almost four years after the murder of George Floyd by police prompted pledges of about $80 billion to grant more contracts to minority-owned businesses. Billionaires Elon Musk and Bill Ackman have denounced DEI programs and Wall Street is reconsidering such efforts. Conservative activists now are pushing companies nationwide to rescind their initiatives since the US Supreme Court last year rejected affirmative action at the nation's colleges. Against this backdrop, Siebert Williams won enough business to rank as the leading minority underwriter in 2023 for both US investment-grade bonds and for long-term municipal debt, taking the 13th slot among all Wall Street firms in the latter category, according to Bloomberg league tables. So far this year, Siebert Williams is the 11th-ranked muni underwriter among all de Show less Read more
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