Banks pull Florida voucher donations over anti-gay school policies

  • 📰 NBCNews
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 86%

United States Headlines News

United States Latest News,United States Headlines

Two of the largest banks in the U.S. say they will stop donating millions of dollars to Florida's private school voucher program after a newspaper investigation found that some of the program's beneficiaries discriminate against LGBTQ students.

Daniel Tepper / Bloomberg via Getty Images fileTwo of the largest banks in the U.S. say they will stop donating millions of dollars to Florida's private school voucher program after a newspaper investigation found that some of the program's beneficiariesIn a statement to NBC News and CNBC on Wednesday evening, Wells Fargo confirmed that it would no longer participate.

"We have reviewed this matter carefully and have decided to no longer support Step Up for Students," the San Francisco-based bank said of the voucher program."All of us at Wells Fargo highly value diversity and inclusion, and we oppose discrimination of any kind."Joe Skipper / Reuters file In a tweet to a Florida lawmaker Tuesday, Fifth Third Bank, based in Cincinnati, said it has told officials with the voucher program that it will also stop participating.

"We have communicated with program officials that we will not be contributing again until more inclusive policies have been adopted by all participating schools to protect the sexual orientation of all our students," the bankGet a head start on the morning's top stories.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

ashtotheru 🙌🙌🙌

Thank you

Well done Wells Fargo!👏👏👏

Then everyone who knows the bank is behaving as fascists should withdraw their money and go to another bank that values the CONSTITUTION. Easy peasy.

Money talks.

ArtisanPastry Hit them in the pockets 👍

Private schools, church schools, home schooling, are just another form of segregation. We need to make our public schools something to be proud of. Our government has been negligent on them for too long. Hey, Pro-Lifers, if you care for children fight for this!

Leviticus 18:22 King James Version (KJV) 22 Thou shalt not lie with mankind, as with womankind: it is abomination.

Unfortunately religious conservatives seem to love to hate and oppress others.

I have too many other problems in my life to worry about someone that’s different from me. The sad part is those who disapprove of that lifestyle is a sinner too. Last time I checked a sin is a sin regardless of the act. we are all sinners... it’s just a different type of sin...

👍🙏🌈🇺🇸‼️

Uh, they just figure this out now Betsy DeVos has been pushing this discrimination (calling it school choice) for years.

Good. If only federal and state governments would do the same.

Wells Fargo?!?!?! ....I'm shocked! Shocked I say!

I don't know how to react to Wells Fargo having a choice between good and bad and actually choosing good. Maybe there's hope for them after all.

Good! If you want to be a discriminatory bigot, do it on your own dime!

Sad day when evangelicals won't stand up for American values of decency, justice, and equal protection, but corporate America will

Good.

It’s Florida, why is this not surprising

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 10. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

UK financial watchdog questions banks on overdraft pricingBritain's Financial Conduct Authority (FCA) said on Tuesday it had requeste... 再见了,我的青春 Nice picture. Try to remember that those huge buildings were built from the labor, blood, sweat and tears of common working people like you and me.
Source: Reuters - 🏆 2. / 97 Read more »

ECB gives banks a reason to sort themselves outEurope’s lenders have stronger balance sheets but aren’t very profitable, the regulator’s annual review shows. Executives blame low interest rates and strict capital rules, but these won’t change soon. If banks are too slow to cut costs or merge, they face even closer scrutiny.
Source: Breakingviews - 🏆 470. / 51 Read more »

Former 'America's Got Talent' host Tyra Banks praises Gabrielle Union amid show dramaTyra Banks is praising Gabrielle Union following the former judge's exit from 'America's Got Talent,' saying she was 'beautiful' and 'vulnerable.'
Source: USATODAY - 🏆 100. / 63 Read more »

In post-repo squeeze twist, Fed may nudge up interest paid to banksOne potential side effect of the U.S. Federal Reserve's efforts to pump liq...
Source: Reuters - 🏆 2. / 97 Read more »

Analytics Firm Whip Media Banks $50 Million, Promises New Tools for Valuing Content-Licensing DealsWhip Media Group — formed by TV Time’s acquisition of Mediamorph last year — closed a new tranche of $50 million in funding that the company claims will let it build unprecedented…
Source: Variety - 🏆 108. / 63 Read more »

U.S. banks on Hong Kong Exchange's 'named and shamed' listWall Street investment banks JPMorgan and Morgan Stanley have been placed on the... not sure that's going to concern them when money is to be made. JP Morgan is one of the biggest criminal organisation not a bank.
Source: Reuters - 🏆 2. / 97 Read more »