Bank of America Sued For Race Discrimination

According to a complaint filed Thursday in the U.S. District Court of Massachusetts, Bank of America is being sued for race discrimination against African-American bankers and brokers. The court papers claim the bank regularly discriminated against said bankers when it came to “work assignments, training and access to clients.” From Reuters:

The plaintiffs, who seek class-action status, said Bank of America had disproportionately “steered” African-Americans bankers and brokers to largely minority or low-net-worth clients.

They said that when they complained, the bank said it believed that “clients are more ‘comfortable’ dealing with sales professionals of their own race,” according to the complaint.

Bank of opportunity, indeed. —MEGHANN MARCO

Bank of America sued for race discrimination [Reuters]
(Photo: Spidra Webster)