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Sign up here. David Thomas. Luc Cohen, Susan Heavey. Mike Scarcella, David Thomas. Skip to main content. Exclusive news, data and analytics for financial market professionals Learn more about Refinitiv. Citigroup Global Markets Holdings Inc. Citigroup Inc. Goldman Sachs Group Inc. Show more companies. N , opens new tab was accused of sex discrimination in a lawsuit by a bond saleswoman who said the fourth-largest U.
The complaint filed on Friday in federal court in Chicago by Michal Leavitt is the latest in a long line of lawsuits accusing big U. Leavitt said Wells Fargo's practice of steering larger accounts toward men in its financial institutions group cost her up to one-third of her potential pay, and forced her to wait nine years for a promotion to director from vice president.
She said she expressed frustration at missing out on large accounts, but was told her mostly male group thought of her as a mere "second income" for her husband. Leavitt also said male managers routinely had inappropriate sexual relations with female subordinates, and men often made degrading jokes about women, including over their appearances and how their wives were only "spending their husbands' money.
Wells Fargo had no immediate comment. Leavitt joined the San Francisco-based bank in from Bear Stearns. The Illinois resident is seeking unspecified damages and changes in how Wells Fargo assigns accounts.