Wells Fargo Pauses Diversity Rules for Hiring After Sham-Interviews Report
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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 report that staff held fake interviews with minority candidates to satisfy in-house rules.
The firm will “pause the use of diverse slate guidelines for several weeks” as it reviews the matter, Chief Executive Officer Charlie Scharf said in a memo.