Former FX Trader Says Boss Offered Him 'Bribe' to Cover Up Error [Bloomberg Business News]
Royal Bank Of Canada (RY)
Last royal bank of canada earnings: 2/21 06:00 am
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Source: Bloomberg Business News
By Franz Wild John Banerjee sues Royal Bank of Canada in London tribunal Banerjee is seeking 13 million pounds for unfair dismissal A pedestrian passes in front of a Royal Bank of Canada (RBC) building in Toronto. Photographer: Brent Lewin/Bloomberg A former Royal Bank of Canada currency trader sued the lender for 13 million pounds ($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 position when the South African rand suddenly appreciated. When Banerjee’s colleague denied making an error, he said he asked R
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Earnings
- 2/28/24 - Beat
RY
Sec Filings
- 4/26/24 - Form 424B2
- 4/25/24 - Form 424B2
- 4/25/24 - Form 424B2
- RY's page on the SEC website