Banks Face Surge in Equal Pay Claims After Landmark BNP Ruling
- French bank says it fell short in duty, won’t appeal verdict
- Gender pay gap in finance and insurance still at 25%
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Stacey Macken fought more than eight years for equal pay. Her victory over BNP Paribas SA this week at a London court may encourage a wave of other women to come forward.
In an unprecedented order for a U.K. investment bank, BNP was told by an an employment tribunal to conduct an extensive audit of its London staff to consider whether men were being paid more than women for the same job.