HSBC banker who quit over racism report says efforts to hire more Black leaders faili

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Banks are failing to deliver on promises to hire, retain and promote more Black executives as prejudice and a reluctance to change stymie leaders' good intentions, a former HSBC banker who resigned this month over the problems said. Ian Clarke, a mid-level manager, left HSBC on Aug. 3 citing frustration at the speed and scale of its response to a report he wrote alleging racism inside the bank. It comes at a time when banks worldwide say they are trying to implement pledges to improve diversity, after the murder of George Floyd in police custody in the United States in May 2020 sparked global protests over racial injustice.