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Beyond the Pay Gap
Women in financial services suffer more after misconduct than their male peers
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Women experience more severe repercussions for misconduct in the financial-advisory industry than their male counterparts, research by academics published on the Bank of England’s staff blog shows. Women are 20 percent more likely to lose their jobs and 30 percent less likely to find new employment following an incident of misconduct compared with men, a study of the U.S. industry found. Turnover rates for both sexes were almost identical in cases where staff hadn’t misstepped.