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Stock impact report

RBC countersues fired CFO for ‘personal relationship,' bank claims it supported her career [Fortune]

Yiren Digital Ltd. American Depositary Shares, each representing two ordinary shares (YRD) 
Last yiren digital ltd. american depositary shares, each representing two ordinary shares earnings: 3/25 06:00 pm Check Earnings Report
Company Research Source: Fortune
relationships, whether romantic or platonic, in the spotlight. Now, in a counterclaim, RBC has released more details in connection to allegations against Ahn. An RBC veteran, Ahn, who had been with the bank for about 25 years, was promoted to the role of CFO in 2021. The bank said in a press release in April that she was in an “undisclosed close personal relationship” with another employee—a violation of the firm's code of conduct, and the relationship “led to preferential treatment of the employee including promotion and compensation increases,” according to RBC. Both Ahn, and Ken Mason, the bank's vice president of capital and term funding, who was the other accused person, were terminated. Ahn, along with Mason, subsequently filed separate lawsuits against RBC. Ahn is suing for about $36.56 million and Mason, for about C$20 million in pay and damages. They said the RBC press release announcing Ahn's dismissal falsely insinuated that they were having an extramarital affair. A “l Show less Read more
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