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RBS’s Female Staff Paid 37% Less on Average Than Men

  • Lloyds Bank discloses a 33% gender gap, 65% bonus gap
  • Filings highlight acute gender imbalance in financial services
Commuters pass a Royal Bank of Scotland Group Plc bank branch in London.

Commuters pass a Royal Bank of Scotland Group Plc bank branch in London.

Photographer: Luke MacGregor/Bloomberg
Updated on

Royal Bank of Scotland Group Plc pays its female staff on average 37 percent less than men at the bank, joining Lloyds Banking Group Plc and Standard Life Aberdeen Plc in revealing an acute gender imbalance between employees under new disclosure requirements.

Women at RBS receive average bonuses that are 64 percent lower than male employees, the bank said in its annual report on Friday. Lloyds pays its female staff around a third less than men. Both firms blamed the disparity on the disproportionate number of men in senior roles. A day earlier, Barclays Plc said female staff at its corporate and investment bank were paid 48 percent less than male employees, a differential described as “shocking” by Nicky Morgan, U.K. Treasury Committee chair.