Ex-RBS FX trader sues bank for breach of contract and unfair dismissal

Pointing Finger

A former Royal Bank of Scotland foreign-exchange trader dismissed amid an internal probe into currency manipulation has joined a growing list of traders suing their employers.

Bloomberg News reports that Ian Drysdale, who was suspended from the bank in February 2014, has filed a claim at a London employment tribunal against RBS for breach of contract and unfair dismissal, according to court records. A hearing is scheduled for September 28.

Drysdale is at least the seventh currency trader to file a claim in recent months after banks cleared out their foreign-exchange desks as part of global investigations into benchmark rigging. More than 30 traders were fired, suspended or put on leave over the last two years since the foreign-exchange investigations started, with about $10bn in fines levied against banks worldwide.

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

RBS Currency Trader Adds to Growing Bank Suits Over Dismissals

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