Bloomberg Lloyds Banking Group Plc’s Black employees are paid about 20% less than their colleagues as British lenders struggle with their representation across senior positions. The median pay gap between Black employees and other peers was 19.7%, while the bonus gap was 37.6%, according to the bank’s April 2019-2020 report. “For our Black colleagues, the pay and bonus gap is ...

Bloomberg Brazil had its best year ever for equity sales, and Bank of America (BofA) Corp made the most of it. The Wall Street lender is this year’s top equity underwriter in the nation, handling 20.6 billion reais ($4 billion) and leapfrogging Banco Itau BBA and JPMorgan Chase & Co, which took the two top spots in 2019, data compiled ...

Bloomberg UK lenders would be forced to refund all victims of financial fraud if plans being proposed by an official watchdog are adopted, according to the Telegraph newspaper. The Payment Systems Regulator — an independent subsidiary of the Financial Conduct Authority — will lead a consultation due to begin within weeks on whether customers who are tricked into transferring money ...