bank of america 05Bank of America settles racial discrimination case from 1993


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Bank of America settled a decades-old case that accused its predecessor company of systematically discriminating against black applicants for entry-level jobs in Charlotte, the U.S. Labor Department said Monday.

The largest U.S. consumer bank settled the 1993 case against its Charlotte-based predecessor NationsBank by agreeing that 1,027 people who applied for clerical, teller and administrative positions a generation ago would share $1 million in back wages and interest, the department said.

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