Tag Archives: bank of america

Merrill Lynch to settle racial bias lawsuit for $160 Mil

Merrill Lynch to settle racial bias lawsuit for $160 Mil

In 2005, a lawsuit was brought against Merrill Lynch alleging racial discrimination. As the case wound its way through court, Merrill Lynch was eventually sold to Bank of America and became its wealth management arm after the financial collapse of 2008. With the sale of Merrill Lynch, Bank of America acquired not only the firm’s

Leaving the big banks like Bank of America

As banks seek to impose new fees like Bank of America’s $5 monthly debit card fee, people are thinking of moving their money. With the role that Wall Street played in the economic collapse who would blame people for wanting to rid themselves of these banksters. They take bailouts but do nothing for small businesses

Kucinich grills Bank of America’s Ken Lewis

This is great. Bank of America CEO Ken Lewis took a pounding Thursday from the House Committee on Oversight and Government Reform. One of the most damning exchanges occurred between Lewis and Dennis Kucinich (D-Ohio), when Kucinich exposed Lewis' request for government cover from shareholder lawsuits stemming from BofA's troubled merger with Merrill Lynch. Posted