Bank of Montreal axes homophobic mining bankers

Date:

The fired staff, plus two others who resigned, had targeted the employee in person and on Teams chats, the Globe said, citing four sources it didn’t name because they weren’t authorized to speak. Five of the six were junior staff in the metals and mining unit while the other was a director overseeing them, it said.

Fenton called the behaviour completely unacceptable and said all BMO employees must meet the bank’s standards of respect, inclusivity and professionalism.

Fenton and colleagues didn’t immediately reply to emails from The Northern Miner seeking comment.

BMO advised Teck Resources (TSX: TECK.A/TECK.B; NYSE: TECK) last year in its $8.9 billion deal to sell its coal unit to Glencore (LSE: GLEN) and was lead bookrunner in a $184 million capital raising for billionaire Robert Friedland’s Ivanhoe Electric (TSX: IE; NYSE AM: IE).

Read more…

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Tampa RV giant Lazydays to delist from Nasdaq

Tampa-based Lazydays Holdings Inc., one of Florida’s most recognized...

Granite Geek: New Hampshire might get access to ‘balcony solar’

I had solar panels put on my roof six...

TSX Today: What to Watch for in Stocks on Monday, November 10

Despite firm gold and silver prices, Canadian stocks...

While BNB and DOT Struggle Under Market Pressure, BlockDAG’s Presale Soars Past $435M!

As market-wide fear grips the sector, the Binance Coin...