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Coutts star banker in sexual harassment claims | Coutts star banker in sexual harassment claims |
(35 minutes later) | |
A star banker at Coutts, the private bank used by the Queen, is at the centre of a series of complaints about sexual harassment. | A star banker at Coutts, the private bank used by the Queen, is at the centre of a series of complaints about sexual harassment. |
Harry Keogh was accused of lewd comments, heavy drinking and unwanted physical contact. | Harry Keogh was accused of lewd comments, heavy drinking and unwanted physical contact. |
According to a Wall Street Journal (WSJ) report, following an internal investigation, the chief executive recommended that he leave the bank. | According to a Wall Street Journal (WSJ) report, following an internal investigation, the chief executive recommended that he leave the bank. |
Although he received a final written warning, Mr Keogh is still at Coutts. | Although he received a final written warning, Mr Keogh is still at Coutts. |
A Coutts spokesperson said: "When allegations of inappropriate behaviour were made in relation to a particular team within the bank in 2015, an investigation was conducted into those concerns. | A Coutts spokesperson said: "When allegations of inappropriate behaviour were made in relation to a particular team within the bank in 2015, an investigation was conducted into those concerns. |
"The investigation found that within that team, standards had fallen below what we regarded as acceptable. Decisive disciplinary action was taken as a result. " | "The investigation found that within that team, standards had fallen below what we regarded as acceptable. Decisive disciplinary action was taken as a result. " |
According to the WSJ, a senior Coutts banker, Gayle Schumacher, carried out the investigation of Mr Keogh's team and was "shocked" by what she discovered. | |
The WSJ said that some women had said they would rather resign than have to work with Mr Keogh. | |
Coutts, founded in the seventeenth century, is owned by RBS which itself is still 71% owned by the government after being bailed out during the financial crisis. | |
RBS has itself been accused of "pervading sexism". Jayne-Anne Gadhia, a former RBS executive and now chief executive of UK lender Virgin Money, told a Treasury Committee there had been a "very male culture" at RBS which was "win-lose". | |
She said: "Undoubtedly there was a pervading sexism where I remember a very senior woman being very upset one day telling me that she was expected to sleep with her boss." | |
RBS was approached for comment at the time. |