Citi lawsuit raises #MeToo allegations at its top levels

Ardith Lindsey's lawsuit accusing Citigroup Inc. of tolerating years of sexual harassment and assault against her struck a chord across Wall Street for many reasons, not least of which was her title: managing director.

It's typically the most senior rank in finance apart from those in executive management positions, one that comes with enhanced compensation and, presumably, power. Women at that level are often touted by banks as examples of how gender is no bar to advancement. But Lindsey, 40, says seniority didn't protect her, nor did the elevation of another woman, Jane Fraser, to be Citigroup's chief executive officer.