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Citi Exclusive: Latest Wave of Lawsuits | Explained

A trader who was previously employed by Citi has taken legal action against the bank, claiming that he was unfairly terminated.

Citigroup faces lawsuit as trader claims unfair dismissal, blaming bank for regulatory failures in Asia stock trades. PHOTO: GETTY IMAGES
Citi faces lawsuit as trader claims unfair dismissal, blaming bank for regulatory failures in Asia stock trades. PHOTO: GETTY IMAGES

The former employee, Ian Weir, asserts that he was made a scapegoat for the bank’s regulatory failures regarding stock trades in Asia, which spanned a period of ten years.

According to Weir, he was unjustly dismissed in June 2021 for gross misconduct

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