Royal Financial institution of Canada fires CFO above undisclosed relationship

Royal Financial institution of Canada fires CFO above undisclosed relationship


A Royal Lender of Canada department stands in downtown Vancouver, British Columbia, Canada.

Ben Helms | Bloomberg | Getty Images

Royal Bank of Canada on Friday mentioned it appointed Katherine Gibson as interim chief fiscal officer, helpful promptly, adhering to the departure of Nadine Ahn.

The lender claimed it turned conscious of “allegations” in opposition to Ahn and released an investigation, which located she violated its code of perform by obtaining an “undisclosed shut private romance with an additional worker, that led to preferential treatment method of the worker, which includes marketing and compensation raises.”

Both equally workers had their employment terminated as a result, the lender reported in a assertion.

Ahn could not straight away be achieved for comment.

The investigation found no proof of misconduct by the previous CFO or the other worker in regard to the bank’s beforehand issued financial statements, RBC’s method, or its economic or organization general performance, the bank additional.

Ahn was formerly the head of trader relations at RBC, in advance of being appointed the CFO in September 2021.



Resource

Treasury Secretary Bessent says more Fed rate cuts are ‘only ingredient missing’ for stronger economy
World

Treasury Secretary Bessent says more Fed rate cuts are ‘only ingredient missing’ for stronger economy

U.S. Treasury Secretary Scott Bessent speaks during a press conference to unveil the official Trump Accounts website, at the Treasury Department in Washington, D.C., U.S., December 17, 2025. Aaron Schwartz | Reuters Treasury Secretary Scott Bessent on Thursday pressed the administration’s desire for lower interest rates, saying they are the key to future economic growth. […]

Read More
Why Russia hasn’t reacted to Trump’s Greenland takeover bid
World

Why Russia hasn’t reacted to Trump’s Greenland takeover bid

U.S. President Donald Trump welcomes Russian President Vladimir Putin to Joint Base Elmendorf-Richardson on August 15, 2025 in Anchorage, Alaska. Contributor | Getty Images News | Getty Images When U.S. President Donald Trump said the U.S. had to take over Greenland as a matter of national security, saying Chinese and Russian ships were “all over […]

Read More
Defense stocks surge after Trump calls for .5 trillion military budget in 2027
World

Defense stocks surge after Trump calls for $1.5 trillion military budget in 2027

Global defense stocks rallied on Thursday, extending gains after U.S. President Donald Trump called for a $1.5 trillion defense budget in 2027. “After the long and difficult negotiations with Senators, Congressmen, Secretaries, and other Political Representatives, I have determined that, for the Good of our Country, especially in these very troubled and dangerous times, our […]

Read More