FX trader put on ‘naughty step’ by RBC wins dismissal case in London

A former Royal Bank of Canada currency trader who was “put on the naughty step” and eventually fired after making repeated complaints about lapses in the lender’s compliance procedures won his London unfair-dismissal lawsuit.

John Banerjee said in an interview that RBC promoted a culture of “indolence” where employees failed to sufficiently read through policies and when he pointed the fact out to senior managers, it lost him his job. The lender blamed his lack of punctuality.

The...

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