Royal Bank of Canada denies claims that it fostered a “boys’ club” environment at its U.S. capital-markets business, disputing allegations that the firm engaged in sex-based discrimination against female bankers and offered unequal pay and promotions to women.
In a federal lawsuit filed in Manhattan court earlier this month, Jennifer Caruso-Jones, 54, alleged that over more than 13 years with the bank, she earned hundreds of thousands of dollars less than male peers and saw her bonus cut by 30% after taking maternity leave. The plaintiff was formerly a managing director in the equity capital