AI-generated summary reviewed by our newsroom. Read our AI Policy. Wells Fargo and its shareholders agreed to settle a federal class-action lawsuit alleging the bank misrepresented its diversity, ...

If formally approved, the settlement would close a case that claimed Wells Fargo conducted fake interviews to get around the ...

Wells Fargo has agreed to settle a lawsuit alleging that the company misrepresented its DEI initiatives to increase the number of people from underrepresented groups in higher-paying jobs by holding ...

Wells Fargo is asking a federal judge to dismiss a lawsuit claiming the bank frequently conducted fake job interviews with women, people of color, and other diverse candidates for positions it had ...

A Wells Fargo spokesperson didn’t immediately respond to a request for comment. In 2020, Wells Fargo launched a “diverse slate” policy, requiring at least half of job candidates interviewed for open ...

The bank has denied all claims but has agreed to a settlement “in principle” over the accusations of sham hiring practices. Wells Fargo has agreed to settle a lawsuit alleging that the company ...

Wells Fargo agreed to settle a DEI lawsuit alleging sham job interviews. Shareholders claimed the bank misled on hiring practices for high-paying roles. SEC and DOJ closed probes without action; court ...