Get The Help You Need 100% Confidential
FREE Initial Phone Consultation Call
(317) 955-9500

Racial discrimination: American Banks

If you have not heard, the end of last month brought two separate lawsuits involving claims of racial discrimination at two banking institutions. The suits both involve individual employees, both of whom are black men. If the allegations within these filings are found to be true, Indiana residents should understand that the implication is that race discrimination is alive and well, even at the highest levels of the American financial industry.

The first suit involves a black manager at Bank of America. He says that in his time with the bank, he was subjected to racist policies that attempted to keep black staff in branch locations that serve primarily black customers. He also states that he was fired from his position for complaining about these practices. His suit asks for damages of $10 million or more.

The second suit involves a black employee and is against Cantor Fitzgerald, a leading investment bank. The suit claims that the bank's management condoned racial harassment of minority employees, including making "monkey noises" in the presence of black workers as well as multiple inappropriate racial statements. When the worker suggested that discrimination was preventing him from advancing at the company, he was allegedly told by his manager that he should transfer to another location to "be around his own people." When asked what was meant by that statement, the manager stated "black people." In the end, the employee was fired after making complaints, and is asking to be rehired and given bonuses, back pay and punitive damages.

These two cases demonstrate the pervasive racial discrimination that still exists in American society. While we have certainly come a long way toward racial equality, there are still discriminatory practices and policies at play in all levels of employment.

Source: Reuters, "Former bank employees sue over alleged discrimination," Rebecca Hamilton, July 20, 2012

1 Comment

Leave a comment
Comment Information
Email Us For A Response

Need Help?

Let us know today. Our experienced attorneys want to help you.

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

John H. Haskin & Associates, LLC
255 North Alabama Street
Suite 200
Indianapolis, IN 46204

Phone: 317-426-6995
Fax: 317-955-2570
Indianapolis Law Office Map

  • Mon-Fri
  • 8:00 AM - 5:00 PM
  • Sat-Sun
  • Closed
Review Us