Amanda Blanc, the CEO of insurer Aviva, told British lawmakers on Wednesday that physical and verbal harassment of women in financial services eclipsed other industries and that she had heard “absolutely appalling” stories. Blanc, giving evidence to the Treasury Committee …
Even as Britain’s largest companies are hiring women in executive leadership roles at the fastest pace in five years, there’s a big hurdle to cross: they are still unlikely to be in influential roles overseeing the commercial side of the …
The same conservative activists who helped gut race-related college admissions at the US Supreme Court have now set their sights on corporate diversity programs, barraging airlines, tech giants and law firms with lawsuits and complaints. And they’re already having an …
Representatives from finance firms across the City of London said more work was needed to tackle gaping gender disparities in the industry, even after companies have made gains in the past five years. Trade groups representing hedge funds, banks and …
Lloyd’s of London will invest 40 million pounds ($49.6 million) in regions affected by the transatlantic slave trade, it said on Wednesday, after a report showed the commercial insurance market had strong links to the trade. Lloyd’s will also spend …
Odey Asset Management is closing its wealth business, the UK’s Financial Conduct Authority said, months after its founder Crispin Odey was accused of sexual misconduct. “We will work closely with the firm as it winds down, to ensure clients are …
Layoffs, working from home and misguided tips on how to get ahead are hindering moves by financial firms on inclusion and diversity, British industry executives said on Wednesday. Britain’s Financial Conduct Authority and the Bank of England this week set …
Two of Crispin Odey’s alleged victims have filed a lawsuit against the hedge fund manager and his eponymous former firm. Two former employees have submitted a civil claim against Odey Asset Management and the 64-year-old former executive, according to Jill …
Britain’s financial regulators proposed guidance on Monday for financial firms to tackle sexual harassment and bullying, along with new requirements for large banks and insurers to set targets to improve diversity and inclusion. The Financial Conduct Authority (FCA) and the …
Several suits filed on behalf of White workers following the US Supreme Court’s decision outlawing affirmative action in higher education are banking on a Civil War-era statute guaranteeing equal rights to Black Americans to challenge the legality of corporate diversity, …
