WASHINGTON: Citigroup’s female employees earn 27% less than male employees on a global median basis, the Wall Street bank said on Wednesday.
The median pay for Citi’s women employees globally was just 73% of the median for men, improving from 71% last year, according to an internal analysis.
For minorities in the US, the median pay was 94% of the median for non-minorities, up from 93% last year.
The third-largest US bank has said it wants women employees to hold at least 40% of roles at assistant vice-president level through to managing director level by the end of 2021, with 8% of such roles in the US held by black employees.
Citi and other Wall Street banks have been under pressure to disclose how much less it pays women than men. – Jan 15, 2020 Reuters