Bank Of America, Business, Cantor Fitzgerald, Discrimination, Lawsuits, Racial Discrimination, Wall Street -

Black former Bank of America, Cantor Fitzgerald employees file discrimination suit

Bank Of America, Business, Cantor Fitzgerald, Discrimination, Lawsuits, Racial Discrimination, Wall Street -

Black former Bank of America, Cantor Fitzgerald employees file discrimination suit

A pair of former Bank of America and Cantor Fitzgerald have filed lawsuits against the finance giants, claiming the companies practiced discrimination in the allocation of business and clients in one case, and racial harassment in the other.

The two lawsuits, both filed on Friday, include one asking for $10 million in damages.

From Reuters, via the Huffington Post:

Jack Mitchell, who is black and worked as a manager at Bank of America from February 2007 to July 2008, alleges the bank maintained an “apartheid” system of business allocation, believing white clients would not want to be served by African American employees.

Under this system, Mitchell alleges, employees such as himself were routinely assigned to branches in low-income black communities, negatively affecting his compensation. Mitchell claims he was fired in retaliation for complaining about “the bank’s racist practices.”

Bank of America spokesman Bill Halldin declined to comment on the suit but said that “diversity and inclusion are part of Bank of America’s culture and core values.”

Read more at the Huffington Post.

The post Black former Bank of America, Cantor Fitzgerald employees file discrimination suit appeared first on theGrio.


Leave a comment

Related Posts

Freshen Up Your Board Game Collection With This One-Day Amazon Sale
It’s not quite as jam-packed as Amazon’s Black Friday board game sale, but their 12 Days of Deals strategy game sale ...
Read More
It’s an Air Force Reserve Celebration Bowl rematch: Alcorn State vs. N.C. A&T Braves win SWAC title and and now bring their high-powered offense to bowl game
Well, it’s all set. The matchup for the Dec. 15 Air Force Reserve Celebration Bowl in Atlanta is actually a rematch: ...
Read More
HBO’s ‘Say Her Name’ has few answers about what happened to Sandra Bland But new documentary gives her a voice, even in death
The mother of Sandra Bland, the Illinois woman who committed suicide in a Texas jail after being hauled there for bac...
Read More
Meghan Markle ignores negative news, believes British press out to get her
Meghan Markle has developed a way of dealing with negative press: She doesn’t read it. After a tough week in the medi...
Read More

Tags