Citigroup Unbowed Going 0-3 In Unfair Dismissal Lawsuits Versus Fired Employees

The bank regrets nothing.
By mattbuck [CC BY-SA 2.0, CC BY-SA 3.0 or CC BY-SA 4.0], via Wikimedia Commons

mattbuck, via Wikimedia Commons

You say, “scapegoated for institutional failures and bank-wide currency manipulation.” Mike Corbat says, “intolerable breaches of our code of conduct.”

"The East London Employment Tribunal ruled that I was unfairly dismissed from my role," Hoodless said by e-mail. "I will not be making any further comments at this stage…."

“Citi stands by its decision to dismiss Mr. Hoodless," Citigroup said in a statement. "While we are disappointed by the employment tribunal’s decision, individual accountability is important to us and for that reason we defended the case in the tribunal. We expect our employees to adhere to the highest ethical standards and will not tolerate breaches of our code of conduct."

Third Ex-Citigroup Trader Wins Unfair Dismissal Lawsuit [Bloomberg]