Ex-BNP Paribas executive sues firm for unfair dismissal

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BNP Paribas was sued for unfair dismissal by a former executive caught up in a probe of dollar-clearing operations that led to a record fine against the bank.

Bloomberg News reports that Christopher Marks, the bank’s former global head of debt capital markets, left BNP Paribas last year a few months before the French bank agreed to pay a $9bn fine to U.S. regulators for violating rules banning trades with Sudan, Iran and Cuba.

He was one of 13 executives that New York’s top banking regulator Benjamin Lawsky asked BNP Paribas to cut ties with. His lawsuit at a London employment tribunal alleges racial discrimination along with unfair dismissal.

To access the complete Bloomberg News article hit the link below:

Ex-BNP Executive Marks Sues Bank After Leaving Amid Lawsky Probe

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