Bank of America has fired two more employees in its prime brokerage unit, as part of an ongoing investigation into sexual misconduct in the company.
The two employees were let go after B of A determined they interfered with a probe into harassment
A spokesman for B of A confirmed the additional firings. Citing company policy, he did not name the two employees.
The shake-up in the Charlotte, N.C., company’s investment bank comes amid a nationwide focus on sexual harassment and misconduct in the workplace, sparked by the #MeToo movement. While high-ranking men in media, politics and other industries have resigned as previous misbehavior has come to light, banking has emerged from the cultural moment
The firings at B of A may be a sign that that’s changing. Still, there are several unanswered questions about the company's misconduct probe, which the Journal described as ongoing.
For instance, it’s unclear whether the probe is focused solely on the prime brokerage unit, or if it has since been expanded to include other parts of the company.
It’s also unclear whether additional harassment allegations have been made against other B of A executives — or if any related disciplinary action has been taken against other employees.
The B of A spokesman declined to comment.
