Wells Fargo CEO Charles Scharf apologized this week for insensitive comments he made about the bank’s efforts to hire Black talent. On June 18, Scharf sent a memo announcing new diversity initiatives, proclaiming the bank wasn’t reaching its diversity goals because of a “limited pool” of Black talent, according to NBC News. Earlier this summer, Scharf echoed similar sentiments on a Zoom call, two participants told Reuters. "While it might sound like an excuse, the unfortunate reality is that there is a very limited pool of black talent to recruit from," Scharf said in the memo. On Wednesday, the Wells Fargo official issued a statement, saying that he regretted undermining Black employees that help run the financial institution. “There are many talented diverse individuals working at Wells Fargo and throughout the financial services industry and I never meant to imply otherwise,” Scharf said. “Across the industry, we have not done enough to improve diversity, especially at senior...