Despite banks’ recent efforts to promote gender equality, women are leaving the trading floor and make up as little as 11% of director and managing-director roles in finance, according to one study. What’s behind the gap? The daily grind may be preventing some women from climbing the ranks, according to a Bloomberg report, with female trading professionals telling the news outlet that constant interruptions when they speak at meetings, getting paid less than their male colleagues and working without female role models has been taking it’s toll.
By Crimson Tazvinzwa
Riva Gold, News Editor at LinkedIn
This has been an issue in finance for a long time — when I was covering markets, it was rare to find women in trading to talk to across regions and institutions, let alone one who was overseeing broader trading operations. Interviews featured in this Bloomberg article suggest that unfortunately, despite major efforts to improve gender balance at banks, not much has happened for women in trading, especially not in senior positions. Do you see the landscape starting to change?
Women Desert Trading Floors as Bias Blocks Path to Management
Rhona Gibson says it is a few steps forward, a few steps back on certain trading floors. “Banks are trying to hire and promote women, and several pointed to specific programs and goals. But upper levels of management don’t show it. None of the top 10 investment banks has a woman running global currencies trading, according to information provided by the banks. [Camilla] Sutton and Catherine Flax, the former Americas head of foreign exchange and commodities at BNP Paribas, were among women highlighted in a Bloomberg story three years ago on the rise of female currency traders. Both have since left the industry.”
Female soccer stars are kicking some serious goals, with matches attracting crowds as big as for the men’s World Cup.
The difference, notes the Financial Times, is that these crowds are friendlier — with more families, and more women and girls. More than 1 million tickets to the games have been sold, but the real wins have been global TV viewing figures. Brazil vs. France was viewed by more than 35 million people in Brazil, and Friday’s quarterfinal between the U.S. and France “perhaps the most anticipated match of the World Cup,” will be sure to draw in large numbers.
The field is set. The mics are on — and soon the gloves are off. The first Democratic presidential debate of the 2020 election is underway, and NBC News will bring you real-time news, analysis and fact-checks of (almost) everything the 10 candidates on stage Wednesday night have to say.
Follow live as we kick off Night One of the two-night debate, hosted by NBC News, MSNBC and Telemundo.
Live Blog
Jason Abbruzzese
Inslee talks about his immigration record
While everyone debated what they would do on immigration, Inslee talked about his record on the issue.
“I’m proud that we passed law that prevents local law enforcement from being turned into many ICE agents,” he said. “I’m proud to be the first governor to stand up to Donald Tump’s heinous Muslim ban. I’m proud to be a person who not only talks about Dreamers, but one of the first to help them get a college education so they can realize their dreams.”
Allan Smith
Castro standing out?
I think it’s fair to say that, so far, among the lower-polling candidates, Castro is the only one who seems to be having a moment. Tough exchange with O’Rourke, answers that seem to be garnering positive attention online. Not getting cut off by other candidates or the moderators.
Julián Castro entered the night with a relatively low profile and slim polling averages. But the former Obama-era HUD secretary’s sharp, forceful comments about immigration could significantly raise his national profile.
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Jason Abbruzzese
2h ago / 2:58 AM GMT+1
Iran questions provide a breather
After fiery and passionate answers on health care and immigration, responses to questions on Iran provide a bit of a breather. There’s broad agreement to get back into Obama’s Iran deal or negotiate a new one, but not much debate otherwise.
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Jane C. Timm
2h ago / 3:02 AM GMT+1
Fact check: Would the 2013 immigration bill have lowered the debt?
The last Senate immigration bill “brings the debt down by 158 billion,” Sen. Amy Klobuchar, D-Minn., said on Wednesday night, referring to the “Gang of Eight” immigration bill that passed the Senate in 2013.
To be sure: this number is about the change in deficit, not the overall debt. The debt would have simply risen at a lower pace should the bill have become law.
How many of you complain and moan when something doesn’t go your way? How about when you take up a new hobby or try something that you have never done before? Do you hate learning new skills?
Yes, juggling chainsaws is pretty darn difficult so stop doing that. It’s not big or clever and you will find it hard to comb your hair with a chunk of metal lodged in your head.
What about more ‘every day’ activities?
I see it every week with my guitar students.
“My hands are too small and I can’t do it!
“I have no rhythm”
“These barre chords are too hard”
Yes it is hard to learn a musical instrument, even harder to learn to play the guitar, but what did you expect? You’re contorting your hands and fingers into positions that would make a gangster rapper weep with envy.
The students who improve the quickest and who end up truly enjoying their practice sessions are always the ones who appreciate that time and effort = rewards.
Scotland let a three-goal lead slip with 16 minutes left to play in ParisAFP//Getty Images
Scotland’s World Cup dreams ended in heartbreaking fashion as they drew 3-3 with Argentina following a dramatic late penalty decision.
Scotland were 3-0 up with 16 minutes left to play, but Argentina scored twice to set up a grandstand finish before yet another extraordinary intervention by the video assistant referee (VAR) during a penalty incident.
Kim Little’s 19th-minute effort put Scotland ahead at half-time in Paris, and goals from Jen Beattie (49′) and Erin Cuthbert (69′) appeared to be sending them through to the last-16.
However, Milagros Menendez gave Argentina hope with 14 minutes left to play, and Florencia Bonsegundo put them within a goal with 12 minutes on the clock.
But the real drama came in the final seconds of the game as Ri Hyang Ok awarded a penalty to Argentina following a VAR review after Sophie Howard had felled Aldana Cometti.
Following a lengthy delay, Lee Alexander made a fine save to her right to deny Bonsegundo, but another VAR review adjudged Alexander to have staryed off her line before the spot-kick was taken.
Alexander was booked, and Bonsegundo drilled the retaken penalty down the middle of the goal.
There were frantic scenes afterward as both sides battled for a winner, but the result ensured both Scotland and Argentina were eliminated from the tournament.
