Bank of America denies existence of alleged ‘bros club’

Charlotte-based Bank of America said a managing director who accused the bank of being a “bros club” and filed a gender-bias lawsuit only came up with the inflammatory term after meeting with her lawyers.

Megan Messina, 42, who’s been with Bank of America since 2007 and was made managing director in 2011, sued the company in May, saying she was paid substantially less than her male counterparts and that women were treated like second-class citizens.

It’s the latest such claim on Wall Street, where several major financial institutions have agreed to multimillion-dollar settlements in the past decade.

In an answer to the suit filed late Friday, the bank specifically denied the existence of a “bros club” at the company, saying the term was never used by her supervisor or other managers and was invented by Messina and her lawyers.

Read more: http://www.charlotteobserver.com/news/business/article88860392.html

[font color=330099]Where there is smoke, there is fire. The charges are consistent with the investigation of the bank by federal prosecutors.[/font]