Ex-BofA Employee Complains Of 'Apartheid' Banking

Law360, New York (July 20, 2012, 7:20 PM EDT) -- A black former employee of Bank of America NA filed a $10 million lawsuit against the financial institution Friday, saying it runs an “apartheid” system in which black bankers in its premier banking division are kept from white clients.

Jack Mitchell claims his managers at the premier banking division, which handles wealthy clients, put him on a team with the only other black employees and paired them with largely black clients. The bank worries that white clients will not want to deal with black bankers, he...
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