Bank Watch

Wells Fargo joins calls to repeal LGBT discrimination law

John Stumpf, CEO of San Francisco-based Wells Fargo, on Thursday added his signature to a letter urging Gov. Pat McCrory and state lawmakers to repeal House Bill 2.
John Stumpf, CEO of San Francisco-based Wells Fargo, on Thursday added his signature to a letter urging Gov. Pat McCrory and state lawmakers to repeal House Bill 2.

Wells Fargo has become the latest large employer calling for North Carolina to repeal its law that struck down a Charlotte anti-discrimination ordinance.

John Stumpf, CEO of the San Francisco-based lender, on Thursday added his signature to a letter urging Gov. Pat McCrory and state lawmakers to repeal House Bill 2, which was passed last week. More than 80 executives around the U.S. have signed the letter, including CEOs of Apple, Facebook, Google and Twitter.

“As a reflection of our company’s vision and values, Wells Fargo has a long history of support against discrimination of any kind and for LGBT rights overall. This is fundamental to who we are as a company and what we stand for in terms of equality and basic human rights,” the company said in a statement.

The statement also says Wells Fargo “opposes laws that would allow people or businesses to discriminate against lesbian, gay, bisexual and transgender community members or individuals.”

Wells Fargo employs roughly 23,300 in the Charlotte region, its largest employment hub. On Thursday, the company lit uptown’s Duke Energy Center, which Wells Fargo owns, in the transgender flag colors of pink, white and blue for International Transgender Day of Visibility.

Last year, Wells Fargo created its first national commercial featuring a same-sex couple, joining other large U.S. companies that had introduced similar ads.

Brian Moynihan, CEO of Bank of America, on Wednesday added his signature to the letter, which was released Tuesday by the Human Rights Campaign and Equality NC.

Bank of America employs roughly 15,000 in Charlotte, its headquarters city.

Deon Roberts: 704-358-5248, @DeonERoberts

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