trending Market Intelligence /marketintelligence/en/news-insights/trending/1a7sTlS4vhBy0ZYUJBUDmw2 content esgSubNav
In This List

FT: FCA probes unfair employee treatment at Royal Bank of Canada's London branch

Blog

Banking Essentials Newsletter: July Edition - Part 3

Blog

Banking Essentials Newsletter: July Edition - Part 2

Blog

Anticipate the Unknown Go Beyond Fundamentals to Uncover Early Signs of Private Company Credit Deterioration

Blog

Taking Loss Given Default Estimation to the Next Level: An Aspiration for All Creditors, Not Just Banks


FT: FCA probes unfair employee treatment at Royal Bank of Canada's London branch

The U.K.'s Financial Conduct Authority launched an investigation on the work culture at Royal Bank of Canada's London branch, following complaints of unfair treatment from former employees, Financial Times reported, citing people familiar with the matter.

Inquiries began in summer 2018 when former employees claimed they were dismissed after raising legal and compliance issues in the Toronto-based company, the publication wrote.

According to the report, an official investigation can mean substantial fines for the company and possible sanctions for senior executives if the regulator finds a wrongdoing.

The Financial Conduct Authority declined to comment on the investigation, FT wrote.