#news Santander hires law firm to investigate senior bankers who visited strip club with junior workers #WorldNews

#news Santander hires law firm to investigate senior bankers who visited strip club with junior workers #WorldNews

#information Santander hires law firm to investigate senior bankers who visited strip club with junior workers #WorldNews

Table of Contents

Santander hires law firm to investigate senior bankers who visited strip club following day of firm conferences ‘and pressured youthful workers to be part of them’

  • Seven male workers visited the Nag’s Head Gentlemen’s Club in Aldgate
  • The group consisted of three senior managers and 4 junior workers
  • Santander employed US law firm Gibson Dunn to launch an inner investigation
  • However it discovered no proof that junior workers had been pressured to attend 

A banker for Santander has saved his job after taking 4 junior workers to a strip club in east London throughout a piece night time out, sparking an inner investigation. 

The senior supervisor is claimed to have orchestrated the night on the Nag’s Head Gentlemen’s Club, in Aldgate, again in February of this yr. 

The group of seven males, which included two different senior managers, headed to the club following a day of conferences with the worldwide debt capital markets workforce, on the financial institution’s workplaces close to Regent’s Park, reported the Financial Times

But an inner whistleblower feared the junior employees had been pressured to attend and raised the alarm with the Spanish financial institution’s compliance division. 

The Nag’s Head manufacturers itself as ‘one in all London’s oldest lap dancing institutions’ on its web site, including: ‘With lovely ladies from each nook of the world, you may discover nowhere higher to watch unique strip dance, from non-public dances to seductive stage exhibits.’

After being made conscious of the night time out, Santander employed US law firm Gibson Dunn to launch an inner probe over the summer time. 

However, after talking to 15 workers who had been current that night, they discovered there had been no specific strain exerted on junior employees members, in accordance to an individual with information of the method.

The unnamed manager at Spanish lender Santander is said to have orchestrated the evening at the Nags Head Gentlemen's Club (pictured), in Aldgate, east London, back in February of this year

The unnamed supervisor at Spanish lender Santander is claimed to have orchestrated the night on the Nags Head Gentlemen’s Club (pictured), in Aldgate, east London, again in February of this yr

The supervisor who orchestrated the night time was disciplined and saved his job. 

The Financial Conduct Authority (FCA) was additionally knowledgeable, in accordance to reviews. 

One employee instructed FT the financial institution’s dealing with of the affair was ‘symptomatic of an trade in transition from previous requirements to new.’ 

They added: ‘The firm didn’t know the way to deal with it as a result of these practices had been widespread a decade in the past however at the moment are, rightly, frowned upon.’ 

Another worker branded the occasions an ‘open secret’, including: ‘Everyone [throughout the bank] is aware of about it, however nothing is being mentioned formally.’

The FCA declined to touch upon the whistleblower involved, telling MailOnline it can’t touch upon particular person companies. 

MailOnline has contacted Gibson Dunn for remark. 

In an announcement, Santander mentioned: ‘We take all issues about worker conduct extraordinarily significantly and comply with a rigorous course of to make sure the details are established and applicable motion is taken as essential. 

The group of seven men, which included two other senior managers, headed to 'one of London's oldest lap dancing establishments' following a day of departmental meetings with the global debt capital markets team, reported the Financial Times (Pictured: Santander HQ near Regent's Park in London)

The group of seven males, which included two different senior managers, headed to ‘one in all London’s oldest lap dancing institutions’ following a day of departmental conferences with the worldwide debt capital markets workforce, reported the Financial Times (Pictured: Santander HQ close to Regent’s Park in London) 

‘The particulars of such investigations and actions are handled confidentially and we can’t, subsequently, remark additional.’ 

It comes after 4 New York-based workers at Deutsche Bank had been fired in March after they allegedly loved a night at a strip club in violation of firm coverage.

They had tried to declare bills for the night time out as a official restaurant go to, in accordance to Bloomberg

Even going to a strip club with colleagues is a violation of Deutsche Bank’s firm coverage, and the error was reportedly compounded by makes an attempt to declare bills earlier than making an attempt to cowl their tracks.

Advertisement

Leave a Comment

adplus-dvertising