RBC Owes Fired London Whistleblower £1.2M, Tribunal Says

Law360, London (February 6, 2019, 4:00 PM GMT) -- An employment tribunal in London has ordered Royal Bank of Canada to pay a former currency trader around £1.2 million ($1.3 million) after he was found to have been unfairly dismissed for repeatedly making complaints about the lender's compliance culture.

The tribunal's decision, which was made available on Feb. 4, said that John Banerjee, who lost his job after blowing the whistle on alleged lapses in RBC's compliance procedures at the Toronto-based bank's London operation, should be compensated around £1.2 million to cover lost earnings.

The former foreign exchange trader earned £280,000 a year, including a bonus, when he lost his job...

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