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Friday 12 March 2021 10:19 am

Diversity blow: UK banks lost 10,000 women in 2020

By: Damian Shepherd

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Female staff declined across UK banks in 2020 amid long-planned and Covid-driven cuts. (Photo by Dan Kitwood/Getty Images)

The number of women at the UK’s five biggest lenders shrank by three per cent during 2020, according to new Bloomberg data.

Men saw a decline of around 2.1 per cent as banks pushed ahead with long-planned cuts and navigated the Covid-19 crisis.

At NatWest, roles filled by women fell by nine per cent compared to a 5.2 per cent fall for men.

Standard Chartered kept roughly the same number of men but its female staff declined by 2.2 per cent.

The banks, along with Barclays, Lloyds, and HSBC, employ around half a million people globally.

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The Debate: should we release female prisoners to make space for men?

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