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A U.S. judge has ordered Wells Fargo to face a lawsuit alleging it defrauded shareholders by proclaiming its commitment to hiring diversity while conducting sham job interviews with non-white and female applicants it had no intention of hiring. The lawsuit claims the San Francisco-based, fourth-largest U.S. bank misled investors and triggered a stock drop when the truth came to light. The judge, who had dismissed a version of the lawsuit last August, found direct and indirect evidence supporting the allegations.
Bank of Montreal was downgraded by an influential Bay Street analyst on concern the lender is building up credit losses at a faster pace than its US peers https://t.co/vEM7HkGXD5
Wells Fargo must face a lawsuit over sham job interviews. A judge, who dismissed a version of the lawsuit last August, found direct and indirect evidence that the San Francisco-based bank intended to defraud shareholders about its hiring practices https://t.co/LBCjF5ILse https://t.co/4w51T1fnIt
Huawei's ties to Washington nonprofit Optica faces a deepening US House probe after a new report documented the decades-long relationship https://t.co/DUUiU5cA0G
