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A Wall Street sign is displayed in front of New York Stock Exchange (NYSE) in New York, U.S., on Friday, March 13, 2020. President Donald Trump said House Democrats aren't giving enough in negotiations on legislation to help Americans deal with the spreading coronavirus outbreak, dashing hopes on both sides that a deal was imminent.Photographer: Mark Kauzlarich/Bloomberg

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By Saijel Kishan

April 5, 2021 at 12:22 PM EDT

Updated on

April 5, 2021 at 1:50 PM EDT

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BlackRock Inc. is breaking ranks with peers on Wall Street by doing a deep dive into its business to see how it may have contributed to racial inequities in the financial system.

The world’s largest money manager plans to undergo an independent racial audit of its operations, following a request from a shareholder. Companies including Airbnb Inc. and Facebook Inc. have taken similar steps in the past few years.

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Before it’s here, it’s on the Bloomberg Terminal

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