Entrenched elitism in UK banking sector: report
London
ENTRENCHED elitism in the UK banking industry blocks people from lower-income backgrounds, according to a report by a government advisory body.
Half of the City of London's top investment bankers are educated at fee-paying schools, even though less than 7 per cent of UK pupils go to a private school, the Social Mobility Commission said in the study published on Thursday. In private equity, seven in 10 new hires over the past three years went to non-state schools.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
Japanese yen slides back towards 34-year low after brief spike
China’s Bank of Communications Q1 profit rises 1.44%
HSBC’s private bank shuts independent asset management business in HK, Singapore
Nomura Q4 net profit jumps almost eight-fold on retail income surge
Rescue pup to meme star: the real-life ‘Dogecoin’ dog
Money laundering accused Zhang Ruijin slapped with 5 more charges days before scheduled guilty plea