Wells Fargo Bank branch is seen in New York City, U.S., March 17, 2020.
REUTERS/Jeenah Moon/File PhotoNEW YORK, Aug 2 (Reuters) - Wells Fargo (WFC.N) on Wednesday said it may commit $60 million to Concordance, a nonprofit organization that helps workers with criminal records re-enter the workforce.
"We are generally focused on providing support for housing, financial literacy, sustainability, and this is outside our wheelhouse but it is an important issue and deserves attention," Daley said.
JPMorgan Chase (JPM.N) runs a similar initiative, Second Chance, to sign up new employees with criminal records.
Certain estimates suggest that about a quarter of the U.S. population is left out of the talent pool due to criminal records.
Persons:
Wells, William Daley, Daley, JPMorgan Chase, Nupur Anand, Lananh Nguyen, Jonathan Oatis
Organizations:
REUTERS, JPMorgan, Companies, Initiative, Thomson
Locations:
Wells Fargo Bank, New York City, U.S, New York