Former Credit Agricole trader alleges racial bias

Bloomberg

A former senior trader at Credit Agricole in New York sued the bank alleging he was subject
to “stereotypically offensive, overtly racist, and degrading comments” as a Latinx person and denied career advancement and monetary rewards.
Jose Ruiz, onetime head of emerging-markets foreign-exchange trading at Credit Agricole, filed suit in federal court
in Manhattan. The complaint named as defendants the bank and one of Ruiz’s former managers, Anthony Botting, who was global head of various foreign-exchange trading teams at the time.
Credit Agricole didn’t immediately respond to request for comment. Botting also didn’t immediately respond to a request for comment.
According to his suit, Ruiz, a graduate of Dartmouth College and the University of California, Los Angeles’s business school, joined Credit Agricole in 2010 and was promoted to managing director four years later. He had formerly worked at American Express and the Bank of Ireland.
Ruiz claims that, in 2015, he began experiencing “targeted, unfair treatment and discrimination” from the London-based Botting.