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Wells Fargo hires law firm to conduct third-party racial equity audit

·1 min read
Wells Fargo hires law firm to conduct third-party racial equity audit

Wells Fargo & Co. has hired law firm Covington & Burling LLP to conduct an external, third-party racial equity audit, which will include input from both internal and external stakeholders and focus on the bank's efforts to serve diverse communities and promote a diverse work force. "Commissioning this work is a critical next step in reinforcing our commitment to racial equity and closing the wealth gap in this country," Wells Fargo CEO Charlie Scharf said in a prepared statement. Wells Fargo pla