Reuters: Citi to raise pay for women and minorities in U.S., UK, Germany

Citi, along with other U.S. banks and credit card companies, has been under investor pressure to disclose how much less it pays women than men. Banks have been among the largest offenders, with median pay gaps averaging 24 percent, according to a joint statement by Citi and activist investor Arjuna Capital on Monday. Arjuna asked Citi’s shareholders last year to vote in favor of a proposal requiring the bank to address the gender pay gap.

 

Read the article at Reuters.

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