A "SUPERSTAR" Barclays trader fired amid the foreign-exchange market manipulation scandal lost his unfair dismissal case in London, three weeks after regulators banned him from the US banking industry.The bank took "appropriate actions in light of" Chris Ashton’s "gross misconduct," a London employment tribunal judge said in a September 19 ruling. The decision is a rare complete win for banks fighting employment claims in the UK capital, a forum that has seen some success for traders who lost their jobs during a string of scandals that cost the industry billions of dollars in fines.Ashton was a member of "The Cartel" — a now notorious chat room used by senior traders at banks including Barclays, JPMorgan Chase & Company and UBS AG to share information and agree on ways to try to move currency benchmarks including the so-called 4 pm fix. He is the most high-profile of more than half a dozen traders and sales people who said in lawsuits that they were fired as banks rushed to appease ...
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