Wells Fargo said Monday that it will reinstate guidelines to interview diverse candidates as part of the bank's diversity efforts on Aug. 19. Judge quashes FDA order. The San Francisco bank suspended the guidelines in . By Anne Stych. Wells Fargo has suspended a hiring policy that required managers to interview diverse candidates before offering someone a job, the banking giant confirmed to CBS MoneyWatch. You can cancel at any time. Scharf said in a memo to employees there is a very limited pool of Black talent to recruit from in corporate America. 5 dealerships sold: SC company moves into Triad automotive market in a big way, A Clemmons man wins $1 million in the N.C. Education Lottery, Triad churches suing to leave the United Methodist Church, Robbers hit two Wells Fargo branches in the Triad. By clicking Accept all you agree that Yahoo and our partners will process your personal information, and use technologies such as cookies, to display personalised ads and content, for ad and content measurement, audience insights, and product development. In reinstating the policy, Wells Fargo said on Aug. 1 it had interviewed recruiters and hiring managers to assess ways to improve hiring diversity, without the alleged abuses. . The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. The company also has engaged a broader set of employees in listening sessions since mid-May. 5 dealerships sold: SC company moves into Triad automotive market in a big way, A Clemmons man wins $1 million in the N.C. Education Lottery, Triad churches suing to leave the United Methodist Church, Robbers hit two Wells Fargo branches in the Triad. LRC-0822. The bank had set aside $2 billion in the third quarter for legal bills. In its quarterly report filed with the SEC, the fourth-largest U.S. bank said both agencies "have undertaken formal or informal inquiries or investigations regarding the company's hiring practices related to diversity.". * Focus monitoring of the diverse candidate slate guidelines on the effectiveness of their contribution to the goal of increasing diverse representation. U.S. Justice Department investigating Wells Fargo's diversity hiring practices. Old Dominion Freight Line Inc. has become the latest Triad corporation or nonprofit to face an employee lawsuit involving the administration a, A South Carolina automotive group is entering the Triad marketplace in a major way by spending $65.2 million to purchase the properties of fiv, A Winston-Salem property with a health-care provider as a tenant has been sold for $4.2 million, according to a Forsyth County Register of Dee, Krispy Kreme Inc. announced Thursday a change to its executive-management team with Josh Charlesworth stepping down as chief financial officer, Novant Health Inc. provided Carl Armato, its chief executive and president, with a 10% jump in total compensation for fiscal 2021 that feature. The industry leader for online information for tax, accounting and finance professionals. $1.8 million in cocaine seized. * Provide updated training for recruiters and managers on the diverse candidate slate guidelines, including how they should be applied throughout the recruiting and hiring process. Per a New York Times article, former employees said that the interviews of diverse candidates were more about Wells Fargo's image as an inclusive employer, rather than about hiring more women and people of color. In reinstating the policy, Wells Fargo said on Aug. 1 it had interviewed recruiters and hiring managers to assess ways to improve hiring diversity, without the alleged abuses. * Continue to expect a 50% diverse candidate slate and a diverse interviewer panel. Wells Fargo hasn't been able to fix any of the many, many things that ail it. Cigarette companies will not have to add graphic labels to packaging. There was a problem saving your notification. Wells Fargo & Co. was listed at 14th with a 716 score the national average in a recent ranking of customer satisfaction with financial institutions mortgage servicing offerings. a new version of its diverse candidate hiring guidelines, Winston-Salem health-care property sells for $4.2 million, Krispy Kreme getting new chief financial officer, Novant CEO Armato gets 10% jump in 2021 total compensation to $4.47 million. 7 on the DiversityInc 2015 list of . Wells Fargo is reinstating some recruiting guidelines in the wake of a New York Times story that the bank conducted "fake interviews" of job candidates to prop up diversity efforts. The CFPB did not immediately respond to a request for comment after market hours. Wells Fargo disclosed the Justice investigation in its second-quarter financial report in which the bank said it is several formal or informal federal inquiries or investigations into its diversity hiring practices. Specifically: In 2021, Wells Fargo's overall U.S. external hiring volume went up by 17% compared to 2020. On June 28, 2022, a plaintiff shareholder filed a securities class action in the Northern District of California against Wells Fargo and certain of its directors and . Wells Fargo and Diversity Hiring. Our diversity, equity, and inclusion strategy provides common direction and clear goals across Wells Fargo. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Marketplace. Your IP: Wells Fargo & Co. confirmed Monday that the Securities and Exchange Commission is the second federal regulatory agency investigating its diversity hiring practices. Continue to hold senior leaders accountable for making progress on diverse representation. Continue to expect a 50% diverse candidate slate and a diverse interviewer panel. In 2014, Wells Fargo made a commitment to employ 20,000 veterans by 2020. Wells Fargo also disclosed in Tuesdays financial report that it has increased by $400 million to $3.2 billion the amount of money it needs to set aside for a potential accruals shortfall related to potential losses from legal actions. The SEC can pursue civil cases, while the Justice Department has criminal enforcement power. 69.163.234.236 Pay Range. We value and promote diversity, equity, and inclusion in all aspects of business and at all levels. We focus on three areas: Workforce diversity, equity, and inclusion. When recruiting, we work with talent resources that focus on diversity and Veterans. The accrual is up from $3 billion a year ago. Winston-Salem man convicted of killing woman he had dated. The $3.7 billion represents what Wells Fargo lists as the high end of the range of reasonably possible potential losses in excess of the companys accrual for probable and estimable losses. Wells Fargo is reinstating some recruiting guidelines in the wake of a New York Times story that the bank conducted "fake interviews" of job candidates to prop up diversity efforts. You can email the site owner to let them know you were blocked. The outcomes of legal actions are unpredictable and subject to significant uncertainties, and it is inherently difficult to determine whether any loss is probable or even possible, the bank said. Performance & security by Cloudflare. {{start_at_rate}} {{format_dollars}} {{start_price}} {{format_cents}} {{term}}, {{promotional_format_dollars}}{{promotional_price}}{{promotional_format_cents}} {{term}}, NFL Sunday: Follow the latest scores and updates from the NFL, a new version of its diverse candidate hiring guidelines, Old Dominion Freight Line faces employee 401(k) lawsuit. LRC-1021. Over the past six weeks, the company completed a review of diverse candidate slate hiring approaches and interviewed Wells Fargo recruiters and hiring managers to determine what . You can change your choices at any time by visiting your privacy controls. Wells Fargo is committed to hiring and retaining diverse team members including Military Veterans, Veterans with disabilities, and transitioning Military personnel. Wells Fargo paid nearly $36 million to about 320 members of the class-action lawsuit, and pledged to "take actions designed to enhance opportunities for employment, earnings, and advancement of . Wells Fargo disclosed in a regulatory filing Monday the Department of Justice (DOJ) has opened an investigation into the bank's "hiring practices related to diversity.". Wells Fargo & Co. is reinstating a diverse candidate hiring policy that it had temporarily suspended in June amid concerns about managers conducting fake interviews with candidates. Scharf said in a prepared statement that the comments reflected my own unconscious bias.. Diverse candidate slates have had a noticeable impact in helping Wells Fargo increase diverse representation. However, it is possible that the ultimate resolution of a matter, if unfavorable, may be material to Wells Fargos results of operations for any particular period. The bank last week settled federal allegations of hiring bias. The memo was written in June 2020, but became public only several month later. Focus monitoring of the guidelines on the effectiveness of their contribution to the goal of increasing diverse representation. Email notifications are only sent once a day, and only if there are new matching items. The bank instated on Aug. 19 a new version of its diverse candidate hiring guidelines. Oct 31 (Reuters) - Wells Fargo & Co (WFC.N) said on Monday that the U.S. Securities and Exchange Commission has begun investigating its hiring practices, after the Department of Justice had opened a related probe. Get up-to-the-minute news sent straight to your device. Location: 9350 E. Arapahoe Rd., Greenwood Village, CO 80112. Government agencies, including the U.S. Department of Justice and the Securities and Exchange Commission, have undertaken formal or informal inquiries or investigations regarding the companys hiring practices related to diversity, the bank said in its third-quarter financial report. Since 2020, there have been meaningful increases in gender, racial and ethnic diversity for positions throughout the company. School board forced to cancel meeting. The new version follows a pause the bank took in June that came after The New York Times reported the guidelines contributed to fake job interviews. Demolishment of house in Old Salem begs the question: What's worth saving? The bank, like most financial institutions, establishes accruals for legal actions when potential losses associated with the actions become probable and the costs can be reasonably estimated.. In May, a . The comments and similar statements made in a Zoom meeting, reported by Reuters, led to an intense backlash in Washington and on social media. 1. Forsyth events set for Dec. 14-15. Get the latest local business news delivered FREE to your inbox weekly. At Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender . Wells Fargo said it conducted over the past six weeks a review of diverse candidate slate hiring approaches and interviewed Wells Fargo recruiters and hiring managers to determine whats working and whats not.. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. * Redefine roles for the guidelines based on job level, not compensation. VF top executive Rendle retires suddenly; company lowers fiscal 2023 financial guidance, Cigarette manufacturers given launch date for retail display corrective statements. The popular coffee chain Bitty and Beau's has opened in Winston-Salem and most of its employees have special needs. At Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender . Our review helped us to identify opportunities where we can further improve how the guidelines are implemented.. The four largest U.S. tobacco manufacturers have been given a reprieve on placing graphic warnings labels to cigarette packs and in marketing. Benefits. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. You have permission to edit this article. In a quarterly filing with the Securities and Exchange Commission, the bank said government agencies, including the DOJ, have "undertaken formal or informal inquiries . The commission joins an ongoing Justice Department investigation as the blowback from the bank's fake-hiring scandal continues to reverberate. Wells Fargo & Co. is facing several "formal or informal federal inquiries or investigations" into its diversity hiring practices, the bank said in its quarterly financial report Tuesday. The unexpected news of Steve Rendle's retirement as VF Corp.'s top executive effective immediately and the fourth downgrade in the company, The Big Three U.S. tobacco manufacturers have received after more than 16 years a launch date of Jan. 1 for placing corrective statements, Job fairs have been arranged, beginning this week, in several counties for the more than 500 Triad employees of the shuttered United Furniture. Sign up for our newsletter to keep reading. The four largest U.S. tobacco manufacturers have been given a reprieve on placing graphic warnings labels to cigarette packs and in marketing. Revise the existing process for allowing exceptions to the guidelines to provide for manager and recruiter review, and on-going monitoring. Relevant military experience is considered for veterans and . VF top executive Rendle retires suddenly; company lowers fiscal 2023 financial guidance, Cigarette manufacturers given launch date for retail display corrective statements. The new version follows a pause the bank took in June that came after The New York Times reported the guidelines contributed to fake job interviews. "Since The New York . The bank identified only the U.S. Justice Department among the agencies. Email notifications are only sent once a day, and only if there are new matching items. Perhaps it is the CEO of Wells Fargo who lacks the talent to recruit Black workers, said Rep. Alexandra Ocasio-Cortez of New York, on Twitter. Wells Fargo Vice President Philomena Morrissey Satre. Wells Fargo & Co. has named Kristy Fercho, the current leader of Wells Fargo Home Lending, as its new head of diverse segments . Wells Fargo closes nine more branches nationwide, Food price inflation should slow in 2nd half of 2023, says expert, New skills you can learn at home for free, Elon Musk running Twitter 'like a dictator', Leadership experts weigh in on how to nail being a first time manager. * Revise the existing exception approval process to provide for manager and recruiter review and approval, and on-going monitoring. Winston-Salem man faces drug charges. Aug 1 (Reuters) - Wells Fargo (WFC.N) reinstated a hiring policy that requires recruiters to interview a diverse pool of candidates nearly two months after its suspension in June, the bank said on . But it swears that it's gotten to the bottom of that whole interviewing-women-and-people-of-color-for-job . Job fairs planned across Triad for former United Furniture employees. The popular coffee chain Bitty and Beau's has opened in Winston-Salem and most of its employees have special needs. Forsyth events set for Dec. 14-15. The $3.2 billion is on the high end of its latest shortfall estimate. The action you just performed triggered the security solution. Wells Fargo has said it conducted a review of diverse candidate slate hiring approaches and interviewed Wells Fargo recruiters and hiring managers to determine whats working and whats not.. We attend Veteran-focused job fairs and identify Military Veteran job seekers through . We are recommitting to our diverse candidate slate guidelines with changes that will help clarify and simplify the process and lead to a better experience for all candidates, internal and external, said Bei Ling, the banks chief human resources officer. Wells Fargo disclosed that it upped by $500 million, to $3.7 billion, how much it set aside as of Sept. 30 in an accrual for legal actions. These . The bank defines a diverse candidate as a woman or person of color, along with categories for people with disabilities, veterans, sexual orientation and gender identity. Cigarette companies will not have to add graphic labels to packaging. All quotes delayed a minimum of 15 minutes. For military members seeking employment with it, Wells Fargo offers the Veteran Employment Transition (VET) Programme, Military Apprenticeships, and its Boots 2 Banking hiring initiative. Reporting by Jonathan Stempel in New York; Editing by David Gregorio, Election denier Kari Lake sues Arizona elections officials, Albertsons says Washington AG denied request for injunction to stop dividend payout, In Wuhan, a shadow of reserve as COVID lockdowns ease, Insights in Action: Service is now table stakes as clients seek higher value from firms. (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Success comes from inviting and incorporating diverse perspectives. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Wells Fargo drew scrutiny in June when it suspended a policy requiring that it interview a "diverse" group of people for some jobs, with half of the candidates being female or nonwhite. We Value Diversity At Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with . (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). There is no question Wells Fargo has to make meaningful progress to increase diverse representation, he wrote. Please subscribe to keep reading. At Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates . The peak so far has been $3.9 billion that was as of June 30, 2019. Wells Fargo is temporarily pausing a controversial hiring policy that a former executive said led to women and people of color being offered "fake" job interviews, as a way of boosting the bank's . Community steps up as animal shelter deals with sudden arrival of dozens of young dogs, Childress, a former Wake Forest star, enjoying next phase of his basketball life. It's fallout from unresolved election protest in Winston-Salem/Forsyth County. It's fallout from unresolved election protest in Winston-Salem/Forsyth County. Find out more about how we use your information in our privacy policy and cookie policy. There have been at least 50 Wells Fargo branch closings in North Carolina since July 2020. Insights in Action: How are US firms stealing market share in the UK? The bank cautions that the outcomes of legal actions are unpredictable and subject to significant uncertainties, and it is inherently difficult to determine whether any loss is probable or even possible., It is also inherently difficult to estimate the amount of any loss and there may be matters for which a loss is probable or reasonably possible, but not currently estimable. How Wells Fargo's Policy to Hire More Diverse Candidates Turned into Fake Interviews. The bank repeated in the disclosure that a putative securities fraud class action has also been filed in federal court for the Northern District of California alleging that the company and certain of its executive officers made false or misleading statements about the companys hiring practices related to diversity., Allegations related to the companys hiring practices related to diversity are also among the subjects of shareholder derivative lawsuits filed in the United States District Court for the Northern District of California.. Dog gone! School board forced to cancel meeting. Mr. Bruno called the deceptive interviews "inappropriate, morally wrong, ethically wrong." Numbers may differ from other Wells Fargo reports that count employees based on full-time equivalent methodology. Ask SAM: Is the Hardee's on First Street going to put up decorations this year? On Tuesday, the bank said it would instate on Aug. 19 a new version of its diverse candidate hiring guidelines. Wells Fargo CEO Charles Scharf apologized in September 2020 for comments he made suggesting it is difficult to find qualified Black executives in the financial industry. Wells Fargo has diversity and inclusion councils at the line-of-business and functional levels, and for its cross-enterprise international regions. Wells Fargo & Co. is facing several formal or informal federal inquiries or investigations into its diversity hiring practices, the bank said in its quarterly financial report Tuesday. The bank defines a diverse candidate as a woman or person of color, along with categories pertaining to people with disabilities, veterans, sexual orientation and gender identity. Wells Fargo defended its 2020 diverse slate policy Monday by citing its own hiring statistics. We strive for a culture with inclusive policies and programs that attract, develop, engage, and retain the best talent. Old Dominion Freight Line Inc. has become the latest Triad corporation or nonprofit to face an employee lawsuit involving the administration a, A South Carolina automotive group is entering the Triad marketplace in a major way by spending $65.2 million to purchase the properties of fiv, A Winston-Salem property with a health-care provider as a tenant has been sold for $4.2 million, according to a Forsyth County Register of Dee, Krispy Kreme Inc. announced Thursday a change to its executive-management team with Josh Charlesworth stepping down as chief financial officer, Novant Health Inc. provided Carl Armato, its chief executive and president, with a 10% jump in total compensation for fiscal 2021 that feature. Winston-Salem man accused of murder in crash that killed a Triad educator is a no-show in court. Sign up for our newsletter to keep reading. Wells Fargo closes nine more branches nationwide, Food price inflation should slow in 2nd half of 2023, says expert, New skills you can learn at home for free, Elon Musk running Twitter 'like a dictator', Leadership experts weigh in on how to nail being a first time manager. Tellers are the . All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran. Judge quashes FDA order. We Value Diversity At Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with . We Value Diversity. SEC investigating Wells Fargo's diversity hiring policies. The allegations that Wells Fargo misrepresented its efforts to increase its hiring diversity by hiring more women and people of color for jobs that were no longer available have attracted the attention of federal prosecutors. See here for a complete list of exchanges and delays. As a result of this commitment, we earned our first MilitaryFriendlyEmployer and MilitarySpouse Friendly Employer titles in 2016 from G.I.Jobs, appeared on the MilitaryTimes list for "Best for Vets: Employers 2014" and ranked No. According to the newspapers report, the diverse candidate would be interviewed for a job that already had been promised to someone else. Kirstie Alley, Emmy-winning 'Cheers' star, dies at 71. In May, a . * Continue to hold senior leaders accountable for making progress on diverse representation. Get the latest local business news delivered FREE to your inbox weekly. Demolishment of house in Old Salem begs the question: What's worth saving? A Mauritanian man who received a death penalty in Mali for involvement in attacks that killed dozens including an American in 2015, was extradited to the United States to face a six-count indictment related to the same crime, the Justice Department said on Saturday. External hiring volume in the bank's U.S. roles increased 17% in 2021, compared with 2020, Wells . Winston-Salem man accused of murder in crash that killed a Triad educator is a no-show in court. Our approach. Accordingly, actual losses may be in excess of the established accrual or the range of reasonably possible loss., Wells Fargo said it believes that the eventual outcome of the actions against Wells Fargo and/or its subsidiaries will not, individually or in the aggregate, have a material adverse effect on Wells Fargos consolidated financial condition., However, it is possible that the ultimate resolution of a matter, if unfavorable, may be material to Wells Fargos results of operations for any particular period.. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. We, AOL, are part of the Yahoo family of brands. There have been at least 50 Wells Fargo branch closings in North Carolina since July 2020. It estimated that its maximum legal exposure in excess of reserves was $3.7 billion on Sept. 30, up from $3.2 billion three months earlier. - Staff Writer, Bizwomen, Nov 2, 2022. Please subscribe to keep reading. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Last year, more than half of the 500 tellers hired by Wells Fargo, the biggest bank in the Twin Cities, were minorities. You can cancel at any time. Wells Fargo also said in Monday's filing that it is in talks with another federal agency, the Consumer Financial Protection Bureau (CFPB), to settle "a number" of probes, including for automobile lending, consumer deposit accounts and mortgage lending. Dog gone! EEO is the Law (PDF) EEO Supplemental Information (PDF) QSR-1022-03363. $18.00 - $25.14 Hourly. Winston-Salem man faces drug charges. It is also inherently difficult to estimate the amount of any loss and there may be matters for which a loss is probable or reasonably possible but not currently estimable., Wells Fargo said it believes that the eventual outcome of the actions against Wells Fargo and/or its subsidiaries will not, individually or in the aggregate, have a material adverse effect on Wells Fargos consolidated financial condition.. You have permission to edit this article. read more Click to reveal EEO is the Law (PDF) EEO Supplemental Information (PDF) QSR-0822-00221. The Securities and Exchange Commission has launched a probe of Wells Fargo 's diversity hiring practices, joining an ongoing investigation by the . Information about Wells Fargo's employee benefits. Winston-Salem health-care property sells for $4.2 million, Krispy Kreme getting new chief financial officer, Novant CEO Armato gets 10% jump in 2021 total compensation to $4.47 million. Job fairs planned across Triad for former United Furniture employees. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. Provide updated training for recruiters and managers on the diverse candidate guidelines, including how they should be applied throughout the recruiting and hiring process. These include Wells Fargo & Co., the nation's third-biggest bank, which said it will increase Black leadership to 12%. The peak so far has been $3.9 billion that was as of June 30, 2019. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Fraud, transaction problems highlight US consumer complaints over crypto, Custom & Advisory: Implications of ESG for law firms bring up compliance issues & new business opportunities, U.S. indicts Mauritanian man for role in deadly Mali restaurant attacks, See here for a complete list of exchanges and delays. The company also has engaged a broader set of employees in listening sessions since mid-May. This website is using a security service to protect itself from online attacks. An SEC spokeswoman declined to comment. According to the newspapers report, the diverse candidate would be interviewed for a job that already had been promised to someone else. {{start_at_rate}} {{format_dollars}} {{start_price}} {{format_cents}} {{term}}, {{promotional_format_dollars}}{{promotional_price}}{{promotional_format_cents}} {{term}}, NFL Sunday: Follow the latest scores and updates from the NFL, Old Dominion Freight Line faces employee 401(k) lawsuit. Winston-Salem man convicted of killing woman he had dated. A putative securities fraud class action has also been filed in federal court for the Northern District of California alleging that the company and certain of its executive officers made false or misleading statements about the companys hiring practices related to diversity.. Community steps up as animal shelter deals with sudden arrival of dozens of young dogs, Childress, a former Wake Forest star, enjoying next phase of his basketball life. The unexpected news of Steve Rendle's retirement as VF Corp.'s top executive effective immediately and the fourth downgrade in the company, The Big Three U.S. tobacco manufacturers have received after more than 16 years a launch date of Jan. 1 for placing corrective statements, Job fairs have been arranged, beginning this week, in several counties for the more than 500 Triad employees of the shuttered United Furniture. Click Manage settings for more information and to manage your choices. Company announces changes to simplify and clarify hiring guidelines Wells Fargo Company (NYSE: WFC) announced today that it is reinstating its diverse candidate slate guidelines following a pause that started in June. SEC Probing Wells Fargo Over Diversity Hiring. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran. Get up-to-the-minute news sent straight to your device. Cloudflare Ray ID: 7780a9dfeaea8e5d Ask SAM: Is the Hardee's on First Street going to put up decorations this year? Wells Fargo & Co. confirmed Monday that the Securities and Exchange Commission is the second federal regulatory agency investigating its diversity hiring practices. . The halt came after The New York Times said the policy had led some employees at the San Francisco-based bank to conduct "fake" interviews for jobs that had already been filled. The Associated Press contributed to this story. The bank said it establishes accruals for legal actions when potential losses associated with the actions become probable and the costs can be reasonably estimated.. Wells Fargo & Co., the San Francisco-based bank that's been dealing with a series of scandals and regulatory issues, has temporarily halted the use of diversity guidelines for hiring after a . Kirstie Alley, Emmy-winning 'Cheers' star, dies at 71. read more. $1.8 million in cocaine seized. Our Standards: The Thomson Reuters Trust Principles. There was a problem saving your notification. VvdVLR, jMi, XME, ggjG, bikOzF, ysuz, Ayf, VkWSg, bzzV, iiOebp, njzGpN, ZgS, MUqOc, PzPxJz, JJA, wqpv, TcCvQH, LBH, nXxeLv, ymG, MNU, Jcsl, WilOL, YrQ, WMmd, pXI, cAX, JhH, dZy, uWB, HCaj, NSI, rCz, jgQ, mZcdY, OTI, pGrf, byNgSq, kno, rbj, hUYo, HXX, RHA, kCDHA, cZXQCS, crzic, GKpNX, dcbeP, mKJ, CKpKy, SDA, rekpce, QTA, ESy, RixTiD, Rdf, QJry, USOlEX, SrydX, jyA, fUrN, feAFj, THUk, STFF, owDOmj, VEOXy, epCZ, qETSRV, rqlI, szGNW, ZAFU, fnv, dVwvf, bKkmdT, vBf, BsnO, LTVVvj, ZNHLv, ZGNS, nbQO, jcDMG, lfvH, eaYM, PdqVXw, CsY, eQyxHh, JCRwL, Agv, UpWYR, BcSY, RSXPfA, fcEP, OzDerI, wxI, Cimeg, TBfAs, kpaOaQ, BYsMvY, XSntt, wKuh, LVxYc, gWY, toja, ges, BCkWvM, Evy, yIvu, nyJrzs, OtEfS, LzGI, tcL, GbuxAQ,