U.K. Banks Lost About 10,000 Women Last Year in Diversity Blow
- Jobs held by women bore brunt of widespread reductions in 2020
- Banking veteran Gadhia says trend ‘inevitable’ in short term
This article is for subscribers only.
More women than men have left British banks during the pandemic, undermining the sector’s pledges to become more diverse.
The number of women at the U.K.’s five biggest lenders shrank by 3% during 2020, according to data compiled by Bloomberg News, while men saw a decline of about 2.1% as the banks pushed ahead with long-planned cost cuts and adapted to Covid-19.