Stimpson’s case was the first in a spate of wrongful termination suits related to currency-exchange manipulation to be heard in London. Banks have fired dozens of traders in the aftermath of regulatory probes in which they have been fined at least $10bn.
Stimpson said he wasn’t rigging or manipulating the FX market and was following orders from management.
Citigroup stands by its decision to fire him, spokeswoman Edwina Frawley-Gangahar said.
'We expect our employees to adhere to the highest ethical standards and will not tolerate breaches of our code of conduct', she said.
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