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Wells Fargo Agrees to Disclose Pay Gaps, Following U.S. Rivals

Bloomberg business news

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Wells Fargo & Co. agreed to disclose the gaps between what it pays men and women as well as disparities for minority groups, a spokeswoman said.

The San Francisco-based firm is the third major U.S. bank in recent weeks to change its policies on pay transparency under pressure from Boston-based Arjuna Capital, a shareholder in the banks. Citigroup Inc. said last month it would assess its gender pay gap in three countries and for U.S. minorities while Bank of America Corp. also said it would improve disclosures.