U.K. Investment Banks Pay Women 56% of What Male Colleagues Make

New data on the gender pay gap in British investment banking is due next week -- and the numbers so far aren’t looking good.

A sample of 10 large banks that have already reported ahead of an Oct. 5 deadline show an average 44.5% difference between male and female hourly wages as of April 2020, compared to 45.2% reported the previous year. That means women earned 56 pence for every pound that men earned when comparing their average hourly pay.

HSBC Bank Plc, the unit housing the lender’s U.K. investment banking operations, posted the largest divide at 54.4% -- ...