A former HSBC executive suing the bank for $22.7m lost his racial - and religious - discrimination claim at a London employment tribunal.
Bloomberg News reports that Habib Kaya Biber, the former co-head of the bank’s industrials unit, had his complaints of discrimination dismissed by a judge, according to HSBC. Biber won his unfair-dismissal claim, which limits the damages he can recover.
Biber, a Turkish Muslim who worked at the bank for 10 years, testified he received 'disappointing' bonuses and was ultimately fired because of his national and ethnic origins. HSBC 'has not offered a consistent or coherent explanation as to why it sought to remove one of the co-head positions', Biber’s lawyer, Richard Leiper, said in documents prepared for a trial that started August 4.
Damages in U.K. employment cases are normally capped at about £78,300, unless there is a finding of discrimination or the claimant wins status as a whistle-blower.
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