Jan
01
Wells Fargo Settles With Brokers Over Claims of Racial Bias
By-
Bank to pay $35 million to about 500 black financial advisers
-
Wells Fargo says it still disagrees with brokers’ claims
Wells Fargo & Co. settled a dispute with a group of black brokers claiming the bank failed to give them the same career opportunities as their white colleagues.
The bank will pay $35 million to more than 500 financial advisers and trainees, according to a settlement agreement filed Friday. Wells Fargo also agreed to add employees tasked with recruiting and coaching black brokers, and to set up a $500,000 business-development fund…
Wells Fargo Settles With Brokers Over Claims of Racial Bias
