HSBC has the worst gender pay gap among UK bankers and it’s only getting worse, according to its own figures.
The bank released an update showing its average gender pay gap grew to 61% in 2018, compared to 59% a year earlier. It means women employed by HSBC on average earned just 39p for every £1 pocketed by male colleagues. Its median pay gap also grew from 29% to 30%.
This puts it top of the naughty list in terms of the gender pay disparity among other UK banks that have issued data. By comparison, the average pay gap at Lloyds is currently nearly half that at 31.5%.
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