A Banker, an Intern and a Reckoning for Wall Street Bro Culture

This story might surprise old-school Wall Streeters.

On Tuesday, after weeks of rumbling inside Credit Suisse, Paul Dexter, a senior banker, was let go over a complaint of inappropriate behavior involving an intern. Rumors swirled in M&A circles.

Only this wasn’t a case of sexual harassment, people familiar with the matter said. Rather, unruly workplace behavior — which, not long ago, might have been grudgingly tolerated by management at many firms — had finally caught up with Dexter.

The dismissal of a single banker at a single bank might seem inconsequential in this #MeToo era. Yet Dexter’s rise and fall encapsulates the new realities in an industry that’s long celebrated big egos and chest-thumping bravado. It shows how a complaint about one incident is increasingly likely to set off a broader investigation and unearth others, upending a career.

He didn’t respond to messages seeking comment.

Source: Bloomberg

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