Investment Banking

HSBC, Rothschild and JPMorgan have biggest gender pay gaps: ‘Scrub out distortions and you’ll see we’ve gone nowhere’

Investment banks show little progress quashing gender pay gaps in 2023

Progress on narrowing the gender pay gap remains slow
Progress on narrowing the gender pay gap remains slow Photo: Getty Images

Investment banks including HSBC, Rothschild and JPMorgan have the biggest gender pay gaps among top City firms, showing that diversity efforts to bolster the number of women in the senior ranks are still falling flat.

The three firms had the biggest median pay gap among the 66 City companies analysed by Financial News, with investment banks more broadly lagging peers in sectors including asset management and law.

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