Gender discrimination

HSBC sexual harassment case shows banks' struggles in MeToo era


In the MeToo era, financial firms the world over are struggling to handle complaints of sexual harassment. A case in point: HSBC.


Citi earns high marks for disclosing disparities in gender pay


Citigroup earned the lone "A" on an investment firm's scorecard that measures companies' commitments to closing the pay gap between men and women. Goldman Sachs was one of four banks to receive an "F."


Credit union executive calls out sexist behavior at CUNA conference


In a post to a social networking site, Rachel Pross, chief risk officer at an Oregon institution, described unwanted touches and inappropriate comments by male executives and directors at the event.


HSBC urges staff to speak up on incidents after misconduct case


HSBC's new head of global markets is encouraging a speak-up culture, months after his predecessor left the bank amid a misconduct claim from a junior female employee.


Sales goals still an issue for Wells; UBS’ baby problem


Bank employees say management has not let up on ambitious sales goals; women bankers say UBS cut bonuses after maternity leave.


BofA, Wells can't block shareholder proposals on pay-gap data: SEC


The Securities and Exchange Commission rejected the banks' arguments that the proposals amounted to shareholder micromanagement and that they have made ample disclosures.


Thorn in banks’ side pushes for disclosure of raw pay-gap numbers


Arjuna Capital is filing shareholder proposals with 11 financial and tech companies to uncover median gender pay gaps, which it said would determine if more women are concentrated in lower-paying jobs.


Waters to call in the big banks; trying to rein in elder financial abuse


The largest banks are expected to soon receive requests to appear before the House Financial Services Committee; banks taking steps to curb scams.


House, Senate Dems introduce bill to encourage diversity among Fed presidents


The bill would require at least one gender diverse and one racially or ethnically diverse candidate to be interviewed for Fed regional bank president vacancies.


House diversity panel a doubled-edged sword for banks


A Financial Services subcommittee planned by Democrats to root out discrimination and expand financial inclusion could put banks on the hot seat, but it could also foster regulatory relief.