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Lloyds Bank: Black employees earn 20% less at Britain s biggest bank. It s trying to fix that CNN 2/22/2021 © Isabel Infantes/AFP/Getty Images
Lloyds Bank has become the first UK lender to disclose the pay gap of its Black employees, shining a light on the dearth of Black people in senior positions as it promised to tackle racial inequality in British business.
In a report published on Friday, Britain s biggest retail banking group revealed that the median pay gap between Black employees and their peers is 19.7%, while the median bonus gap is 37.6%. For Black, Asian and other employees who don t identify as White the median pay gap is 14.8% and the bonus gap is 32.5% compared with White colleagues.
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