A C Suisse banker accused of inappropriate behavior with an intern isn’t expected to face punishment after the allegations couldn’t be substantiated.
“Our investigation is wrapping up,” said Karina Byrne, a spokeswoman for the bank in New York. “After interviews with everyone who was there, we found that the serious allegations in the complaint were not substantiated.”
In the meantime, Bloomberg News reports that Saburo Araki said he’s giving a high priority to what he describes as the difficult task of stamping out staff harassment since he took over in April as head of Mitsubishi UFJ Financial Group's brokerage venture with Morgan Stanley.
“I have come across several harassment complaints from employees since I arrived,” said Araki, chief executive officer at Mitsubishi UFJ Morgan Stanley Securities Co. “I want to eradicate it, but it will be difficult to root out,” he said in an interview in Tokyo.