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Barclays investment bank pays females half that of males

Gavin Finch, Stefania Spezzati, and David Hellier write,” Barclays Plc pays female employees at its investment bank division just under half as much as male colleagues on average, highlighting the gender imbalances in the industry and the concentration of men in highly paid roles.

The gender pay gap widens to 79 percent for discretionary bonuses paid to employees at its international unit, which houses the corporate and investment bank, said the London-based company, the first major bank with British operations to disclose such data. At the U.K. ring-fenced bank, women earn 26 percent less than men and receive bonuses that are 60 percent lower, according to the lender’s annual report.

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