Exclusive: HSBC has 59 percent gender pay gap, biggest among British banks

Lawrence White | March 15, 2018

Exclusive: HSBC has 59 percent gender pay gap, biggest among British banks
HSBC (HSBA.L) will reveal a gender pay gap of 59 percent at its main UK banking operation, the biggest yet disclosed by a British bank, according to a copy of the lender’s report on the subject seen by Reuters on Thursday ahead of its publication. The bank will also disclose a mean gender bonus gap of 86 percent at HSBC Bank Plc, which is the biggest of the lender’s seven entities in Britain and employs 23,507 people. A spokeswoman for the bank confirmed the contents of the report. The gender pay gap is the biggest yet reported by a British financial firm, according to government data, with some firms yet to provide figures ahead of an April deadline set by Prime Minister Theresa May last year.

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Spotlight

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