Citigroup wins UK lawsuit over firing of currencies trader

London

A CITIGROUP Inc currencies trader described by the executive who fired him as a "good guy", lost his employment lawsuit against the lender after a judge ruled that he had intentionally flouted the rules by confirming the identity of a client in an electronic chat with a rival.

David Madaras, who spent four years at Citigroup before he was fired in December 2014, appeared to "validate" a rival trader's disclosure of a client name when he responded: "he's a seller/fking a," in a 2011 chat, bank officials said in court filings.