Banking Law News

Citi, Lone Bank to Detail Pay by Gender, Starts to Close Gap (1)

Jan. 15, 2020, 8:00 PM

Citigroup Inc. has narrowed the pay gap between men and women in its global workforce in the last year, the company said.

Female employees now make 27% less than men do, an improvement from 29% a year ago, according to a memo to employees from Sara Wechter, the bank’s head of human resources. The company also found that, among its U.S. employees, people of color now earn 6% less than their white colleagues, an improvement from 7% a year ago.

“We have much more work to do,” Wechter said in the memo. “Our work to address both measures is...

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