Bank Of America Settlement 39M For Gender Bias
A Bank of America settlement agreement for unlawful gender bias is going to cost the bank one pretty penny: $39 million, to be exact. The settlement brings to a close a class action lawsuit brought by women who worked as financial advisers in the bank’s Merrill Lynch brokerage division. The plaintiffs claimed Merrill Lynch, which was purchased by Bank of America in 2009, discriminated against women in compensation and business opportunities, reports Reuters....