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Labor/Employment

May 16, 2024

Wells Fargo accused of 'boys club' culture

According to lawsuit, Wells Fargo executives were aware of an alleged company culture that resulted in male employees being "were given exclusive access to lucrative deals, clients, and general revenue opportunities."

Attorneys for Wells Fargo Clearing Services LLC, one of the corporate entities behind Wells Fargo bank, secured a partial victory in a gender discrimination lawsuit on Wednesday after a San Francisco judge granted, in part, its motion for summary judgment against a complaint filed by a former financial advisor who claims she was fired in retaliation for speaking out against the company's "good old boys club" culture.

According to the complaint, Wells Fargo executives...

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