BNP Banker Fired Over Bullying Allegations Loses His $2 Million Payout

A senior BNP Paribas SA banker who was fired for allegedly bullying his subordinates on the trading floor lost a €1.7 million ($2 million) unfair-dismissal award on appeal after judges drew on testimony from staffers.

The Paris Court of Appeal reversed an earlier decision that Omar Alami, formerly head of BNP’s equity derivatives sales for Switzerland, Belgium and Luxembourg, had been wrongly dismissed for gross misconduct.