(Bloomberg) -- Wells Fargo settled a dispute with a group of black brokers claiming the bank failed to give them the same career opportunities as their white colleagues.

The firm will pay $35 million to more than 500 financial advisers and trainees, according to a settlement agreement filed Friday. Wells Fargo also agreed to add employees tasked with recruiting and coaching black brokers, and to set up a $500,000 business-development fund.

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