Wells Fargo Under Investigation For Hiring Practices, New York Times Reports
June 09 2022 - 4:19PM
Dow Jones News
--Wells Fargo & Co. is at the center of a criminal
investigation to determine whether the company violated federal
laws by conducting fake job interviews with women and people of
color for positions that had already been promised to other people,
according to the New York Times.
--Sources told the Times that a civil rights unit inside the
criminal division of the Manhattan U.S. attorney's office is in the
early stages of conducting the investigation. The probe follows a
whistle-blower complaint, published May 19 by the Times, that Wells
Fargo bank managers were interviewing "diverse" applicants for
positions that were already promised to other people. The complaint
follows a company-wide policy that was put in place in 2020 that at
least half of the candidates interviewed for positions paying
$100,000 or more needed to be diverse.
--A Wells Fargo spokeswoman declined to comment to the Times.
Company representatives couldn't immediately be reached for comment
by Dow Jones Newswires.
Full story:
https://www.nytimes.com/2022/06/09/business/wells-fargo-fake-interviews-investigation.html
Write to Kathryn Hardison at kathryn.hardison@wsj.com
(END) Dow Jones Newswires
June 09, 2022 16:04 ET (20:04 GMT)
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