Crain’s: Wall Street is tapping firms led by women, minorities for billion-dollar bond deals
November 16, 2023 The article highlights a significant shift on Wall Street, where firms led by women and minorities are increasingly participating in billion-dollar bond deals. It notes a growing trend among major corporations, like Verizon, to include these diverse firms as part of their efforts to promote diversity, equity, and inclusion in the finance sector. This change is driven by a broader corporate commitment to address longstanding disparities in the financial industry, particularly in the aftermath of George Floyd’s murder. The participation of women- and minority-led firms in such deals is seen as a step towards leveling the playing field in U.S. finance, offering these firms more prominent roles and recognition. The move also reflects a changing perspective among big investors, who now consider diversity as a crucial factor in their banking relationships.