Investment Banking

FCA investigates culture at investment bank RBC — report

Move comes at a time of increased scrutiny into the way City of London institutions handle whistleblowers

FCA investigates culture at investment bank RBC — report
Photo: Getty Images

The UK financial regulator is investigating the treatment of staff at the London offices of Canadian investment bank RBC Capital Markets, following complaints from dozens of ex-employees.

What started out as a fact-finding exercise by The Financial Conduct Authority in the summer of 2018 has developed into an official probe into culture at the bank and the treatment of whistleblowers.

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