April 21, 2025
Bank of America and subsidiary Merrill Lynch have settled a gender and race bias suit from two Black financial advisers who claimed the companies supported policies that handed more opportunities to white, male workers, according to a New York federal court filing.
February 03, 2025
Two Black financial advisers' suit accusing Bank of America and subsidiary Merrill Lynch of handing more opportunities to white men belongs in arbitration, the companies told a New York federal court, saying an arbitration policy shared with employees the day the suit was filed covers their claims.
November 12, 2024
Two longtime Merrill Lynch financial advisers have filed a proposed class action against Bank of America and its subsidiary Merrill Lynch alleging the firms' policies systematically discriminate against African American and female advisers by favoring white male colleagues in teaming and account distribution practices.