BofA is ac­cused of racial bias

Los Angeles Times - - Business -

Five cur­rent and for­mer em­ploy­ees of Bank of Amer­ica Corp. who are black have sued the sec­ond-largest U.S. bank, ac­cus­ing it of racial dis­crim­i­na­tion by steer­ing lu­cra­tive clients to their white coun­ter­parts.

The com­plaint, filed Thurs­day with the U.S. Dis­trict Court in Bos­ton, con­tends that the bank dis­crim­i­nates against African Amer­i­cans in pay, pro­mo­tions, train­ing and sup­port ser­vices. It said the Char­lotte, N.C.based bank reg­u­larly teamed African Amer­i­can work­ers and as­signed them to largely mi­nor­ity neigh­bor­hoods and low-net­worth clients.

Bank of Amer­ica said it had a strong record of hir­ing and train­ing work­ers. The plain­tiffs work or have worked for the bank in the At­lanta, St. Louis and south Florida ar­eas, the suit said.

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