Fired Wells Fargo Director Claims Racial Bias in Finance Unit

A former director in Wells Fargo & Co.’s subscription finance group sued the bank alleging he faced racial bias in personal dealings, client allocation, performance reviews, his bonus and, finally, his firing.

Yomi Akinyemi, who is Black, filed suit Friday in Manhattan federal court, saying he was fired from Wells Fargo in March after he complained to his boss about discriminatory treatment. Akinyemi said the bank attributed his firing to staffing needs but then promoted three White vice presidents to director.

Wells Fargo, while paying “lip service to diversity and inclusion externally, internally allowed implicit and explicit racial bias ...