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Report: Sex discrimination rife in banks

Report: Sex discrimination rife in banks

Sex discrimination is rife in high street banks across the UK, a new report has stated.

According to research conducted by professor Noreena Hertz from the Duisenberg School of Finance in Amsterdam, financiers in both Britain and America are guilty of treating female customers unfairly.

For instance, the study established that pregnant women are often refused mortgages, while business loans offered to female entrepreneurs are subject to higher interest rates than those offered to male applicants.

Professor Hertz indicated there is evidence to suggest that this is the case across the board when it comes to lending criteria, the Daily Telegraph reports.

"This seems to be an ongoing, industry-wide practice, with a number of leading UK high street banks named," she noted.

Such instances of discrimination are illegal and the team at Russell Jones & Walker could help any victim take legal action.

Samantha Mangwana, partner at the firm, commented: "Time limits can be very short in these circumstances so early advice and action may be necessary if anybody wants to make a claim."

Posted by Francesca Witney