FX Trader Sues Citi for Framing Him to Appease Regulators

Discussion in 'Wall St. News' started by guru, Oct 2, 2019.

  1. guru

    guru

    https://www.financemagnates.com/ins...s-citi-for-framing-him-to-appease-regulators/

    “...Seeking $112 million, Ramchandani is the latest FX trader to sue the lender in the aftermath of the market-manipulation scandal that cost banks about $10 billion in fines. At least five other traders sued Citigroup while nearly 30 traders at various banks have been fired, suspended or put on leave since the scandal broke.
    ...“Employers should not be allowed to throw innocent employees under the bus, nor to play judge, jury and executioner, in an attempt to limit their corporate liability,” Mr Ramchandani said in a statement...”
     
    zdreg and dealmaker like this.