Wells Fargo has ended its investigation into alleged gender bias in its wealth management division, people familiar with the matter said. Jon Weiss, the unit’s top executive, told some managers on a call last week that “there is unequivocally no gender bias” in the unit, the people said. The months-long investigation, which The Wall Street Journal previously reported, stemmed from the allegations of female senior executives who said women in Wells Fargo’s wealth management division are systematically belittled or blocked from promotions. The bank expanded the investigation’s scope after the Journal’s story, when an influx of additional gender-bias complaints were lodged, the people said. The allegations and investigation show how the #MeToo movement has become part of a broader discussion about whether women are being fairly promoted into senior roles in a variety of industries, including finance. The allegations are a particular burden for Wells Fargo because it is still dealing wi...

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