Watch CNBC's full interview with Mark Smith of Wells Fargo Advisors

Wells Fargo would rather pay an $85 Million lawsuit than hire diverse talent ! • Wells Fargo has agreed to pay an $85 million settlement following allegations that the bank conducted fake job interviews to boost its diversity statistics rather than genuinely hiring diverse candidates. The scandal emerged after reports surfaced that minority and female applicants were invited to interviews for positions that had already been filled, purely so the company could appear compliant with diversity init

Wells Fargo to pay $3 billion over fake account scandal