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Pin to quick picksHSBC Holdings Share News (HSBA)

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UPDATE 1-Goldman Sachs reports gender pay gap of 55.5 percent

Fri, 16th Mar 2018 14:22

LONDON, March 16 (Reuters) - Goldman Sachs on Fridayreported a mean gender pay gap in Britain for its internationalbusiness of 55.5 percent and a mean bonus gap for the unit of72.2 percent.

That gulf in pay comes close to the 59 percent gap revealedon Thursday by HSBC - the biggest yet reported by aBritish financial firm according to government data.

Thousands of large UK employers have been ordered todisclose their gender pay gaps by April, almost 50 years on fromthe passage of Britain's equal pay act.

Goldman Sachs said its gap reflected the fact that therewere more men than women in senior positions at the firm.

It also reported a mean gender pay gap of 16.1 percent and amean bonus gap of 32.5 percent in Goldman Sachs (UK) SVCLimited, which it said employs around 1,600 individuals fromnon-revenue divisions.

The bank employs 6,000 people in London. The remainder ofits UK employees work in its international business.

Other large banks have also been disclosing their gender paygaps ahead of the April deadline set last year by Prime MinisterTheresa May.

The continued gulf in earnings between men and women hasattracted significant public attention over the past year or so.

The gender pay gap measures the difference between theaverage salary of men and women, calculated on an hourly basis.

In Goldman Sachs' international business, 83 percent of thegroup earning the highest hourly pay were men, the bank said,while 62.4 percent of those on the lowest hourly pay were women.

This compared with 77.4 percent men in the highest paidgroup in Goldman Sachs (UK) SVC Limited, and 48.9 percent womenin the lowest paid group.

The Wall Street bank said it is committed to promotingdiversity and inclusion at all levels of the firm. On Thursday,it said it wanted women to make up half of its global workforce,starting with a target of 50 percent of its new analysts beingwomen by 2021.(Reporting by Emma RumneyEditing by Carolyn Cohn and Hugh Lawson)

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20 Feb 2024 16:52

LONDON MARKET CLOSE: Pound boosted after BoE's Bailey talks rate cuts

(Alliance News) - Stock prices in London closed lower on Tuesday, whilst the pound bounced back, after the Bank of England's Andrew Bailey talked interest rate cuts.

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20 Feb 2024 12:29

Wednesday preview: Fed meeting minutes, HSBC in the spotlight

(Sharecast News) - Investors' focus in the middle of the week will be on the release of the minutes of the Federal Reserve's most recent policy meeting, in January.

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14 Feb 2024 14:15

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Tate & Lyle PLCTrading Statement
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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9 Feb 2024 17:02

LONDON MARKET CLOSE: FTSE 100 falls at end of tepid week

(Alliance News) - Stock prices in London closed lower on Friday, with the FTSE 100's losing streak extending to three days, as sentiment in Europe remains tetchy despite a largely stellar start to the day in New York.

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2 Feb 2024 09:27

LONDON BROKER RATINGS: Barclays raises easyJet and Wizz Air

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

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30 Jan 2024 16:00

London close: Stocks finish higher on raft of global data

(Sharecast News) - London's stock markets managed modest gains on Tuesday, driven by the news that the eurozone had narrowly avoided a recession.

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30 Jan 2024 09:34

Bank of England fines HSBC for "serious" deposit protection failures

(Alliance News) - HSBC Holdings PLC has been fined GBP57.4 million by the Bank of England's Prudential Regulation Authority for "serious failings" over customer deposit protection – the second highest penalty ever imposed by the financial watchdog.

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30 Jan 2024 07:27

HSBC slapped with £57.4m fine for deposit protection failures

(Sharecast News) - HSBC bank has been fined £57.4m by the Bank of England after admitting serious failings in protecting customer deposits.

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29 Jan 2024 14:25

Safestay annual trading to meet expectations; refinances borrowings

(Alliance News) - Safestay PLC on Monday said its annual trading was "comfortably" in line with market expectations.

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25 Jan 2024 10:36

BoE says 'ring fencing' capital rules for retail banks need no big overhaul

LONDON, Jan 25 (Reuters) - The Bank of England said on Thursday that its rules requiring banks to "ring fence" their retail arms with bespoke buffers of capital have worked satisfactorily with no major overhaul needed.

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25 Jan 2024 10:05

Bank of England says 'ring fencing' capital rules for retail banks need no major overhaul

LONDON, Jan 25 (Reuters) - The Bank of England said on Thursday that its rules requiring banks to "ring fence" their retail arms with bespoke buffers of capital have worked "satisfactorily" with no major overhaul needed.

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23 Jan 2024 12:37

UK Chancellor Hunt meets top UK bank heads over plans to boost City

(Alliance News) - Jeremy Hunt has met the UK's biggest banks as part of efforts among the government to boost interest in the City.

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22 Jan 2024 10:45

HSBC chair 'confident' on China investment, meets vice president - state media

BEIJING/HONG KONG, Jan 22 (Reuters) - China's Vice President Han Zheng on Monday met with HSBC Chairman Mark Tucker in Beijing and urged the banking giant to deepen cooperation with China to improve Hong Kong's status as a financial centre, the official Xinhua news agency reported.

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18 Jan 2024 14:33

Britain's finance minister Hunt to quiz bank bosses on UK lending

LONDON, Jan 18 (Reuters) - Britain's finance minister Jeremy Hunt will meet the bosses of top British banks next Tuesday to seek reassurance they can keep lending to the economy, four sources familiar with the matter said on Thursday.

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17 Jan 2024 17:05

European shares slide more than 1% on hawkish ECB remarks, disappointing China data

Dec. EZ final consumer prices at 2.9% on yearly basis

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