‘City’ gender pay gap remains


BARCLAYS CHIEF POSITIVE DESPITE BANK DATA RESULTS MEN employed in London’s ‘City’ financial district earn significantly more per hour than women ex­cluding bonuses, according to the latest results drawn from UK-based banks’ data. Prime minister Theresa May’s Conservative gov­ernment demanded that individual financial institu­tions reveal wage differentials between men and women across all employees – from back-office staff to highly-paid traders and board members. And the results are unflattering for an industry that has long been marked by male-filled board­rooms and trading floors. Among retail banks, Royal Bank of Scotland and Lloyds Banking Group – both rescued with vast amounts of…

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