BofA Hit With $8M Sex Bias Suit Over 'Bro's Club' Culture

By Y. Peter Kang (May 17, 2016, 6:42 PM EDT) -- A managing director for Bank of America Corp. lodged an $8 million gender discrimination suit in New York federal court Monday accusing the bank of treating its female senior traders like "second-class citizens" and perpetuating an unfair "bro's club" work culture.

Megan Messina, co-head of global structured credit products and credit asset financing, said she was paid "grotesquely lower" than her male counterparts and, when she complained of the disparate treatment, was retaliated against by the bank and placed on administrative leave.

"Beneath the veneer of a world-class financial institution, BofA treats their female managing directors as second-class citizens," the 42-page...

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