Senior woman executive at bank of america sues over 'bro's club'

The big apple A senior woman fixed-profits banker at financial institution of the united states Corp (BAC.N) has filed a lawsuit accusing the financial institution of underpaying her and other women, and retaliating whilst she complained about unlawful or unethical practices through her colleagues.

In a complaint filed on Monday night time, handling director Megan Messina stated she became a victim of "egregious pay disparity" relative to male peers, and was paid less than half the salary of the man who stocks her name as co-head of worldwide based credit score products.

She additionally accused the bank of condoning bias by her boss that made her experience unwelcome in his "subordinate 'bro's membership' of all-male sycophants." She stated the financial institution violated federal Dodd-Frank whistleblower protections with the aid of postponing her last month for lawsuits approximately alleged incorrect pastime that harmed customers.

financial institution of the us spokesman bill Halldin stated: "We take all allegations of irrelevant behavior severely and look at them thoroughly." He said Messina remains an worker of the Charlotte, North Carolina-based totally bank.

Messina, a forty two-yr-antique single mother of 3, is in search of at the least $6 million for being underpaid, plus punitive damages and compensation for mental pain and humiliation.

Her lawsuit filed in federal court in manhattan joins many others that accuse Wall road of bias towards girl bankers, inclusive of being paid much less and tolerating demeaning behavior.

"The financial institution is condoning awful conduct, and blaming the sufferer," her lawyer Jonathan Sack stated. "it is one issue to pay girls much less, however another to reward crookery."

Messina complained that her boss has treated her "like a summer time intern," spent a whole lot extra time with the alternative dependent products chief, banned her from consumer events, and subjected her to questions inclusive of "Have your eyes usually been that blue?"

She accused the other dependent merchandise leader of "front walking," through purchasing bonds for financial institution of the usa no matter understanding that Citibank (C.N) wanted them, and angering Blackstone organization LP (BX.N) by rigging a debt auction in which the non-public equity company participated to advantage a preferred hedge fund consumer.

The co-leader was allegedly paid $17 million from 2013 to 2015, while Messina received $7.25 million, the complaint stated.

Messina also stated bank of america refused to inform regulators how every other colleague "doctored" buying and selling facts to hide lies about expenses that he advised Allianz se's (ALVG.DE) Pacific funding management Co, any other foremost customer.

"BofA deliberately and intentionally discriminated and retaliated in opposition to Messina (for) following the mantra, 'if you see something, say something,'" the grievance stated.