'My dismissal is overwhelmingly harsh and inappropriate'.
A former Citigroup foreign-exchange trader who was suspended while on maternity leave said she was 'easy cannon fodder' for the bank as it tried to appease regulators amid a probe into market manipulation.
Bloomberg News reports that Carly McWilliams told an employment tribunal in London Thursday that the bank enforced impossible standards of perfection to retrospectively condemn practices it had encouraged in the past, such as sharing confidential client orders with traders at other firms.
Executives from Citigroup testified that traders were encouraged to build relationships with rivals, but were forbidden from sharing information relating to orders. She worked on the spot trading desk for 14 years.
'My dismissal is overwhelmingly harsh and inappropriate, given that the alleged offences were nothing other than normal practices of my everyday job at the time, that were encouraged, condoned, required and indeed rewarded by management', McWilliams said in her witness statement. 'I have been singled out, easy cannon fodder whilst off on maternity leave'.
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