Former RBC currency trader sues bank for unfair dismissal, alleges boss offered ‘bribe’ to cover up error

A former Royal Bank of Canada currency trader sued the lender for 13 million pounds (US$18 million) for unfair dismissal, alleging that a senior manager had offered him a “bribe” to cover up a trading error.

John Banerjee said in a witness statement at an employment tribunal in London this week that six months after joining RBC as an emerging market foreign currency director in June 2015, he lost $880,000 overnight because a colleague failed to carry out an order to abandon a trading...

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