Citigroup has become the first big Wall Street bank to disclose internal data on gender pay, bowing to an activist shareholder that last year launched an unsuccessful campaign against six of the largest US financial institutions.
The disclosure, made in a message to staff by Citi’s head of human resources Mike Murray, is selective, including only employees in the US, UK and Germany and adjusting for factors including job function, level and geography.
Citibank has yet to reveal its separate gender gap number for the UK as required this year under new, more prescriptive British government rules that do not allow for such adjustments.
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