Wells Fargo was accused of sex discrimination in a lawsuit by a bond saleswoman who said the fourth-largest U.S. bank denied pay and promotions available to men and tolerated an 'unapologetically sexist' workplace.
A Wells Fargo logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. REUTERS/Chris Helgren/File Photowas accused of sex discrimination in a lawsuit by a bond saleswoman who said the fourth-largest U.S. bank denied pay and promotions available to men and tolerated an "unapologetically sexist" workplace.
Leavitt said Wells Fargo's practice of steering larger accounts toward men in its financial institutions group cost her up to one-third of her potential pay, and forced her to wait nine years for a promotion to director from vice president. Leavitt also said male managers routinely had inappropriate sexual relations with female subordinates, and men often made degrading jokes about women, including over their appearances and how their wives were only "spending their husbands' money."
Wells Fargo has separately spent years trying to rebound from a series of scandals for mistreating customers.
RSBI:ESG-INVESTORS RSBI:BOARDS BACT BISV BISV08 BIZ BNK BNKS BNKS1 BSVC CIV CLJ CMPNY DLI ESG ESGGOV FIN FINS FINS08 GEN INVBIS INVBR INVBR1 INVM INVS08 JUDIC MNGISS POL PRIVT PUBL PXP SOCI WLTH WLTH08 WOM AMERS US NAMER USAIL LEGAL REUTERS-LEGAL MAN NRLPA:OCOG NRLPA:OLIT NRLPA:OEMP NRLPA:OBNK
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Costco gold and silver sales 'seem to have grown considerably': Wells FargoCostco Wholesale got into precious metals sales last year with gold bars and, according to a Tuesday research note from Wells Fargo, those may have picked up quite a bit since then.
Read more »
'Smart move': What's going on with Costco's gold bars strategy'It only reinforces its value position,' Wells Fargo said.
Read more »
Tuesday's analyst calls: Wells Fargo gets a downgrade, legacy tech stock to pop 20%A major U.S. bank and a legacy tech name were the focus of some of Tuesday's biggest analyst calls.
Read more »
Aramark strike: Workers at Wells Fargo Center to hit picket lines for one-day work stoppageUnion members including cooks, servers, bartenders, concession workers and more argue their wages and benefits are not keeping up with inflation.
Read more »
Wells Fargo Center receives new exterior lighting upgradesPhiladelphia's Wells Fargo Center, home of the Flyers and 76ers, now features new LED board and custom lights.
Read more »
Costco selling as much as $200 million in gold bars monthly, Wells Fargo estimatesGold has turned into money for Costco, where yellow-metal sales begun last year have turned into a cash cow for the big-box retailer.
Read more »