BNP Paribas sued by ex-trading head

Trading Desk

BNP Paribas became the latest bank to be dragged into a spate of foreign-exchange-related employment lawsuits after its former head of spot currency trading sued the lender.

Bloomberg News reports that Bob de Groot, who was suspended by the bank in 2014, is claiming he was dismissed for whistle-blowing, according to court records. His case will be heard at a London employment tribunal April 18. 

The former trader and Citigroup managing director joins a list of currency traders to sue their former employers after banks, embroiled in the foreign-exchange market rigging scandal, made widespread firings in the wake of $10 billion in fines.

Hit the link below to access the complete Bloomberg News article:

BNP Paribas Sued by Ex-Spot Currency Trading Head De Groo

Steven Cohen Pledges $275 Million to Veteran Mental Health Care


JefferiesAnd the Best Place to Work in the global financial markets 2016 is...

Register for Financial Markets News Alerts