Lloyds Bank discloses gender pay gap of 33 percent
Reuters
Published Feb 23, 2018 08:11AM ET
Lloyds Bank discloses gender pay gap of 33 percent
LONDON (Reuters) - Lloyds Banking Group (L:LLOY) on Friday disclosed a gender pay gap of 32.8 percent, becoming the latest major British financial institution to say how the lack of women in senior roles is skewing average pay levels.
The bank said it was the first FTSE 100 company to make a public commitment to have women fill 40 percent of senior roles by 2020.
"However, we do not want to stop here and recognize that there is still more work to do. We remain committed to our gender target and closing the pay gap,” a spokeswoman for the bank said.
Royal Bank of Scotland (LON:RBS) on Friday disclosed a gender pay gap of 37 percent. Barclays (L:BARC) this week disclosed a gap in its investment bank of 50 percent, drawing criticism from lawmakers.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.