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Debt market round up: Bright withdraws HBOS claim

Claire Bright, former head of asset and liability management of HBOS Treasury Services, has withdrawn her £11 million ($21.8 million) claim of sex discrimination and wrongful dismissal against the UK bank.

It was a year ago that Bright filed her case, which made allegations against her boss, Cliff Pattenden, who headed the treasury division.

“Ms Bright has accepted that her allegations of discrimination, victimization and bullying against HBOS or any of its employees ... were unfounded and they have been withdrawn without any compensation in respect of these allegations,” said HBOS.

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