The Big Take
Harassment and Drugs Plagued a Citigroup Division for Years
Interviews with 22 people suggest long-standing dysfunction inside the big bank’s equities division
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Bankers from Citigroup Inc. were partying with clients one night in May 2018 at a downtown Manhattan hot spot called Catch.
One of them, a recent college grad, had landed in the equities division for her two-year rotational program at the bank and had brought her roommate along to the party. As the evening progressed, one of the unit’s bosses came up behind the roommate and surprised her by grinding his crotch against her, according to two people who said they saw him. Months later, that rotator said, a male trader told her to wear shorter skirts and higher heels to work and made multiple inquiries into her love life.