NEWS AND OPINION
Diversity and inclusion: What the next generation thinks
Which banks are doing the most to impress and attract their future employees? A potential young recruit gives her opinion.
Financial inclusion: The paradox of the city
As cities around the US see populations increase, so the smaller banks that serve low- to moderate-income urban families are being squeezed out. New York is no exception. Financial inclusion is at risk of becoming an urban myth.
Financial inclusion is improving, but is it impactful?
Global Findex Report released by World Bank; usage and savings targets remain elusive.
CSR: Time's up for finance's gender pay gap
Gender pay gap disclosure has arrived in the banking industry, but a movement that aims to bring gender equality across the whole financial sector is just beginning. Euromoney speaks to some of the pioneers.
CSR: Failure not an option for First Women Bank
Tahira Raza was among Pakistan’s pioneering FWB's first employees 30 years ago, with a mission to advance female empowerment in the country. Having returned as chief executive, she is battling to compete with bigger local rivals.
Financial inclusion: American tragic
The plight of the unbanked in the US’s poorest regions is a modern-day scandal in the world’s richest nation. Southern Bancorp is one bank seeking to address the problem. Euromoney goes to the heart of the battle to beat financial exclusion in rural America.
UBL's pioneering CEO sets ambitious targets
As a woman running one of Pakistan’s leading banks, Sima Kamil has already made her mark. But her goal is for UBL to snatch top place, elbowing aside HBL, her former employer.
How are private banks responding to women in wealth?
Euromoney research shows disparity among regions in capturing the female wallet; hiring seems to be the quick solution.
March 07, 2018
Next month, all UK employers with more than 250 workers must disclose the gender pay gaps for both salary and bonus.
CSR: Vive la 1% revolution!
I often think that when it comes to closing the wealth gap, we will simply need a revolution by those at the wrong end of it, but in January I was comforted to discover that hundreds of people in the 1% are starting this revolution themselves.
The death of private banking… and how wealth management can have a brighter future
As chief executive of Westpac, Gail Kelly was a trailblazer for women in finance. She learned the hard way about the battle for equal pay. Now she is trying to use her experience to encourage others.
ESG: the stewardship revolution
Pay equity: Closing the gap
Banks face lawsuits over pay inequity as regulators now take diversity into their own hands.
Diversity and inclusion: Thomson Reuters reveals Q3 bank rankings for D&I
CSR and diversity: It’s time for banks to get naked
Greater transparency on CSR would save banks from duplicated efforts while learning from each other.
CSR: Inclusion key to bank diversity efforts
Are impact investments the new hedge funds?
To keep the spirit of impact investing, it is worth opening up the terminology to be more inclusive of a myriad of strategies.
India: It’s a woman’s world
Latin America: Lenders warming up to Brazilian banks
"Women tend to be less aggressive [in seeking financing terms] and more responsible – the sustainability of woman-owned enterprises is better."
UBS rethinks gender-lens investing
Americas wealth management division partners with specialist investment fund to back tech companies with women at the helm.
The long road to gender equality
The finance industry continues to struggle with the disconnect between talk and action on diversity. Is it time for the activists to shake things up?
one banker says there is an opportunity in hiring female advisers: "As an increasing number of women are seeking advice around financial decisions, we need to hire more female advisers to respond."
Private banking: Smarter, faster ways of giving
Steven Werlin works with Fonkoze in Haiti, a charity that seeks to help the poorest women in communities become self-sufficient…
CSR: SRI assets hit $8.72 trillion
More than 70% of women consider social or environmental impact as important to investment decisions, compared with just 49% of men.
CSR: The alpha female effect
Gender lens investing is on the rise, and with good reason. Not only do companies perform better with greater female representation on their boards, but a multi trillion-dollar wealth transfer to women and millennials means greater investment focus on social issues like diversity.
As political tensions around income inequality rise, so too does pressure on banks to hire employees from more varied backgrounds. While some have been early adopters of diversity, there is much still to do.
CSR: The unbanked – mind the gender gap
Unbanked women an opportunity for banks; inclusion boosts economic growth.
How financial inclusion will change the face of banking
In many regions, the unbanked, particularly unbanked women, complain that they do not feel comfortable entering a bank, that the ID requirements are too onerous to start a bank account, or that bank branches are simply too far away.
Sex discrimination and the City
Sex discrimination is still rife in the City, but new gender pay reporting rules threaten to expose the gender pay gap at investment banks and compel them to bring real equality to the trading floor.
FX: Fired currency traders fight back
Ex-Citi trader Carly McWilliams’ employment tribunal win will spur on other fired currency traders waiting for their day in court and encourage more women to bring unfair dismissal claims, say legal experts. The banks’ argument that a handful of rogue traders acting behind senior managers’ backs were to blame for the currency rigging scandal is contested.
Fintech 2016: Global Invest Her teaches women entrepreneurs to play the funding game
As evidence emerges that start-ups led by women make more money for venture capitalists than those led by men, a new platform aims to help women entrepreneurs get funded.
FX: Battle of the sexes
Leading women in FX talk about breaking the glass ceiling as the latest scandals reinforce the macho stereotype of the industry. Could the rise of electronic trading influence gender dynamics?
For more Awards for Excellence recognising diversity, see full results.
From challenging views on diversity in advertising to increasing productivity through homeworking initiatives, Lloyds is changing the way the corporations and society tackle D&I.
World's best bank for diversity 2016: Bank of America Merrill Lynch
In gender diversity, the bank is unrivalled. Some 52% of its global workforce are women, and representation by women on the executive board is 38% – more than double that of the average board among other Fortune 500 companies.
Gender equality: Divertingly dismal diversity
The pitches for the Euromoney Awards for Excellence always provide a revealing window into the inner workings of banks and part of the fun of it all is to separate the grand statements from the reality.
Gender inequality – Diversity: the alternative view
In a month that saw hundreds of thousands of women worldwide unite in disgust at the proposed policies of new US president Donald Trump, one Chinese investor has provided a shocking example of how pervasive a problem gender inequality still is in the financial markets.
Star photographer Annie Leibovitz was in Singapore recently, promoting a new exhibition commissioned by UBS.
Shorting anti-LGBT rights
Credit Suisse equity analysts in April revealed that a proprietary benchmark basket of 270 companies with progressive pro-lesbian, gay, bisexual and transgender polices (LGBT), outperformed the MSCI All Country World Index by 3% a year over the last six years.
Diversity double fault for BNP Paribas?
BNP Paribas takes the issue of diversity in the workplace very seriously. A quick glance at its website tells you as much. So it must have prompted some embarrassment when…
Corporate social responsibility: Pinked off
The work being done by banks globally in the corporate and social responsibility sectors continues to impress. But must there be so much pink?