UPDATE 2-Investment banks promise reform after admitting big UK gender pay gaps [Reuters (UK)]
Citigroup, Inc. (C)
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Source: Reuters
Investment banks promise reform after admitting big UK gender pay gaps | Reuters 3 Min Read LONDON (Reuters) - Citigroup, Bank of America Merrill Lynch (BAML), Credit Suisse and Morgan Stanley all revealed large gender pay gaps in their British operations on Tuesday, the latest banks to report lower average hourly pay for women caused by having fewer female staff in top roles. Citigroup had the highest disparity in average pay for women among those banks, disclosing a mean gender pay gap of 44 percent for 2017. At Morgan Stanley, the gap was 42.8 percent, a spokesman said. Credit Suisse put its gap at 39.2 percent and Bank of America reported a difference of 28.7 percent. The disclosures indicate how few women have made it to the higher-paid, higher-profile roles in British banking. The gender pay gap measures the difference between the average hourly salary of men and women, and is different from equal pay considerations, which examine disparity in pay for the same work at the same l
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