1 post • Page 1 of 1
Bank of America (NYSE:BAC) has agreed to pay a total sum of $12.8 million, following a string of claims made by hundreds of former employees regarding the bank’s failure to provide adequate compensation, according to a Reuters report.
Take the lead from today’s leaders. FM London Summit, 14-15 November, 2016. Register here!
The period in question dates back to 2008 when Bank of America merged with Merrill Lynch, resulting in a wide array of personnel shakeups. This included several hundred firings, prompting an investigation into whether proper procedures were followed for the ex-employees. More than eight years later however, a ... (read more)