Bank of America, Merrill Lynch settle lawsuit with 2 Black women claiming bias [Yahoo! Finance]
Bank of America Corporation (BAC)
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Source: Yahoo! Finance
because of their race and sex, according to New York federal court records reviewed by The Charlotte Observer. Financial advisors Linda Davila and Cathy Bender had filed suit in November on behalf of Black and female workers with the same jobs. Last Friday, a judge in the U.S. District Court for the Southern District of New York discontinued the case after attorneys for both sides reported a settlement in principle had been reached between the two women and the defendants. Compensation totals and terms for the settlement were not disclosed in court documents. Davila, of New York, is employed by Merrill Lynch as a senior vice president of wealth management, according to the lawsuit. She has been with the company for 45 years. Bender, of Tennessee, has a leadership position as a senior vice president and financial advisor too, and has been with Merrill Lynch for more than 35 years. Both women are Black. The women claimed that they did not receive the same opportunities as white
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- The trade war is de-escalating and settling around 15% tariffs, Bank of America's CEO says [Yahoo! Finance]Yahoo! Finance
- The trade war is de-escalating and settling around 15% tariffs, Bank of America's CEO says [Business Insider]Business Insider
- Transcript: Bank of America CEO Brian Moynihan on "Face the Nation with Margaret Brennan," Dec. 28, 2025 [Yahoo! Finance]Yahoo! Finance
- Full transcript of "Face the Nation with Margaret Brennan," Dec. 28, 2025 [CBS News]CBS News
- Full interview: Bank of America CEO Brian Moynihan [CBS News]CBS News
BAC
Earnings
- 10/15/25 - Beat
BAC
Sec Filings
- 12/29/25 - Form 424B2
- 12/29/25 - Form 424B2
- 12/29/25 - Form 424B2
- BAC's page on the SEC website