Lawsuits Allege Racism at Bank of America and Cantor Fitzgerald

SAN ANSELMO, CA - JULY 18: People walk by a Bank of America branch office on July 18, 2012 in San Anselmo, California. Bank of America reported second quarter net income of $2.5 billion, or 19 cents per share comapred to a loss of $8.8 billion, or 90 cents per share one year ago. (Photo by Justin Sullivan/Getty Images)
(Justin Sullivan/Getty Images) Photo: Justin Sullivan/2012 Getty Images

Both Bank of America and investment firm Cantor Fitzgerald are now the targets of racial discrimination lawsuits in New York, reports Reuters. In his filing against B of A, Jack Mitchell, an African-American who worked there between 2007 and 2008, says the bank was in the practice of placing black employees at branches in low-income neighborhoods. 

Meanwhile, a suit brought by Jermaine James, who is also black, says that in the four years he spent at Cantor Fitzgerald, colleagues made “monkey noises” when he was around and used the N-word on occasion. He also said that a manager responded to his complaints about being held back by suggesting he transfer to a branch where he could “be around his own people.” Asked to clarify what he meant, the manager is said to have replied: “black people.” 

Suits Claim Racism at BofA and Cantor Fitzgerald