Two of the largest banks in the U.S. say they will stop donating millions of dollars to Florida's private school voucher program after a newspaper investigation found that some of the program's beneficiaries discriminate against LGBTQ students.
Daniel Tepper / Bloomberg via Getty Images fileTwo of the largest banks in the U.S. say they will stop donating millions of dollars to Florida's private school voucher program after a newspaper investigation found that some of the program's beneficiariesIn a statement to NBC News and CNBC on Wednesday evening, Wells Fargo confirmed that it would no longer participate.
"We have reviewed this matter carefully and have decided to no longer support Step Up for Students," the San Francisco-based bank said of the voucher program."All of us at Wells Fargo highly value diversity and inclusion, and we oppose discrimination of any kind."Joe Skipper / Reuters file In a tweet to a Florida lawmaker Tuesday, Fifth Third Bank, based in Cincinnati, said it has told officials with the voucher program that it will also stop participating.
"We have communicated with program officials that we will not be contributing again until more inclusive policies have been adopted by all participating schools to protect the sexual orientation of all our students," the bankGet a head start on the morning's top stories.
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