Establishing policies to fend off charges of sexual harassment in the workplace can save big bucks for banks.

That's because the Civil Rights Act of 1991, which was signed last November by President Bush, included a schedule of compensatory and punitive damages that could award as much as $300,000 to an individual complainant.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.