Wall Street’s Social-Justice Steps Fail to Sway Sherrod Brown

Goldman Sachs Group Inc. added a Black woman to its board this week. Bank of America Corp. bumped up the minimum wage for all its employees. And Wells Fargo & Co. just rolled out an initiative for the unbanked.

These moves are central to Wall Street’s public-relations arsenal as it yields to demands from activists, shareholders and business partners to do better on diversity, structural racism and the wealth gap -- matters that ail the nation. As the heads of the biggest banks get ready to list off their key achievements on that front, they shouldn’t expect a pat on ...