Arjuna Capital: BNY Mellon Joins Bank of America, Citi & Wells Fargo As 4th Bank In 4 Weeks Working To Close Gender Pay Gap

In less than a month, four of the biggest banks and financial institutions in the U.S. have disclosed efforts to remedy gender pay inequity. Responding to shareholder proposals from Arjuna Capital calling for detailed reports and wage data disclosure, the Bank of New York Mellon – the world’s largest custodian bank and asset servicing company – became the fourth bank since January 15th to agree to close both its gender and racial pay gaps.  In response, Arjuna Capital withdrew its shareholder proposal at BNY Mellon.  Four of the nine banks…

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United Way Worldwide and Wells Fargo Team up to Address Unemployment and Strengthen Communities

United Way Worldwide have announced an $18 million gift from Wells Fargo & Company to support United Way’s efforts to fight for the health, education and financial stability of every person in every community by helping one million people find jobs that allow them to better support their families and strengthen their communities, within five years. Jobs are vital cornerstones of healthy families and communities. Unfortunately, across society, too many people – particularly young people – lack the skills and training needed for the jobs of the 21st century. According…

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Wells Fargo Launches Holiday Food Bank Program With $5 Million Donation to United Way

Wells Fargo & Company today announced the launch of the Wells Fargo Holiday Food Bank program to make more meals possible in communities this holiday season. Working with United Way Worldwide to create a long-term, high impact program that will support hunger-related causes in our local communities, Wells Fargo donated an additional $5 million grant to the United Way in support of this effort. According to a recent Wells Fargo study 1, 83 percent of people are more likely to donate food this season if they could do it at…

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Celebrities Stand with LGBTQ Students and Point Foundation

More than 450 guests and celebrities filled the Beverly Hilton Hotel to support lesbian, gay, bisexual, transgender and queer (LGBTQ) students at Point Honors Los Angeles. Point Foundation (Point), the evening’s beneficiary, is the nation’s largest scholarship-granting organization for LGBTQ students. The gala evening also included an announcement by Wells Fargo of $1.8 million in continued support for Point. Wanda Sykes was presented with the Point Legend Award by Anthony Anderson for having achieved greatness in her career and unapologetically supporting the LGBTQ community. Writer, director, and producer Jill Soloway…

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