Wells Fargo Scraps Diversity Policy for Senior-Level Recruitment
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Wells Fargo & Co. is the latest bank to join Wall Street's retreat from diversity, equity and inclusion efforts as DEI comes under fire from President Donald Trump's administration.
The San Francisco-based bank is discontinuing a recruitment policy that requires diverse slates of candidates in the first round of interviews for senior-level roles in the US, according to a memo to staff seen by Bloomberg News. Training on diverse slates also will be removed from the recruitment process, according to the memo, distributed to senior leaders this week.
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