Finance

Anyone been fired for majorly screwing up? Did they give you some time to find a new job or was it pretty immediate?

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I know someone years ago who put in the wrong settlement instructions on a $1Bn trade against THB over a Thai holiday. Took us days to get the money back and cost in the region of $350k to make right (interest claim from other side as well as rates moved against us). He was moved from the role and although he stuck around for another year he was black marked at that point onwards and moved out of banking altogether after that role. Since then, I’ve seen plenty of technology based screwups around poor decision making and yet some of those people seem to continue... somehow.

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Been my experience that at the VP and below level they only fire you for making major mistakes if it is a pattern as opposed to a one - off

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