Big Bank, Nov 14: $50M Underpayment Scandal Rocks Finance Sector

On November 14, it came to light that a major bank had underpaid its workers by US$50 million. The news stunned many in the finance world. Employees who trusted their employer now feel let down. Investors and customers alike are asking tough questions. This isn’t a small mistake or a one‑time slip‑up. The amount and scale make it a serious issue. The bank’s internal payroll and oversight systems are under the microscope.