Citigroup and JPMorgan traders latest to sue employers

Gavel

Two more bankers joined a list of currency traders suing their employers in London following $10 billion in fines dished out by regulators in the wake of the foreign-exchange scandal.

Bloomberg News reports that Patrice Ktorza, an executive director in FX sales who left JPMorgan Chase & Co. in August, is suing the bank for unfair dismissal, according to a court filing. Nihel Bensenane, who still works in foreign-exchange sales at Citigroup is suing in a dispute over pay and sexual discrimination, the records state.

The pair of salespeople add to a group of employees on foreign exchange desks who have sued banks in recent months following widespread firings and internal disputes in the wake of the foreign-exchange scandal. Bensenane is the fourth employee to take Citigroup to court after former traders Perry Stimpson, Carly McWilliams and Robert Hoodless sued.

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

JPMorgan, Citigroup Sued in London by Two Currency Traders

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