Feb 25 (Reuters) - Bank of America ( BAC ) scrapped some

of its diversity initiatives as it navigates a new business

climate under U.S. President Donald Trump.

The second largest U.S. lender dropped references to its

diversity hiring goals and a rule requiring hiring managers to

consider a diverse group of candidates, according to an annual

filing on Tuesday. The changes depart from policies laid out in

the bank's proxy statement last year.

"We evaluate and adjust our programs in light of new laws,

court decisions and, more recently, executive orders from the

new administration," a bank spokesperson said in a statement.

"Our goal has been and continues to be to make opportunities

available for all of our clients, shareholders, teammates and

the communities we serve."