UBS said it’s planning to review how the bank handles cases of harassment after an alleged incident, which involved a young London-based trainee accusing a more senior employee of rape, according to people with knowledge of the situation.
Bloomberg News reports that the alleged perpetrator resigned from the investment bank in March, five months after he was suspended, the two people said, asking not to be identified because the details of the incident are private. UBS had not started a formal disciplinary procedure into the individual’s behavior by the time he left the Swiss lender, the people said.
"This matter is deeply upsetting, and while we cannot discuss it publicly due to employee confidentiality, our first priority is always to support our people and provide a safe environment to report any misconduct," UBS said in a response to a query from Bloomberg News.
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