Why is the Finance Industry so Sexist?

A Financial Times survey of the fund industry (subscription required) has found that sexual harassment in finance is “rife,” with 28 percent of women saying they had experienced harassment and an additional 54 percent saying they had faced inappropriate behavior.
More powerful than the numbers were the descriptions of attitudes women in finance say must contend with. One survey respondent said that whenever her team failed to win business, she was blamed for not wearing a shorter skirt. Another said that they only way she could be taken seriously was by dressing down — wearing glasses, a cardigan and tying her hair back. “Certain asset classes are very male dominated, which results in behaviours and cultures that may alienate female colleagues,” one woman told the FT.
Why is the finance industry so sexist?Do you think theres still a problem

 

Tougher Sanctions For Financial Markets Manipulation??

New rules imposing tougher sanctions for manipulating financial markets, insider dealing or abuse of inside information were voted on Tuesday. These rules will also cover a wider range of trading venues and financial instruments than today’s rules and they will apply directly in all member states, which should ensure a high level of investor protection in the EU.
Sanctions for financial markets manipulation

 

Tougher sanctions for financial markets manipulation

Transnational Organised Crime On The Rise In Eastern Africa

Organized criminal activities such as migrant smuggling, ivory trafficking and maritime Elephantpiracy are increasingly pressing threats in Eastern Africa and must be tackled through a range of measures both within the region and in the markets where illicit goods will end up, according to a United Nations report released today.

The report highlights the principal crime threats facing the region as well as their costs to society.

According to the report, more than 100,000 people were smuggled out of the region last year alone, generating over of $15 million for organized criminal networks operating on the maritime crossing from the Horn of Africa. Many migrants are driven in part by high levels of conflict and poverty, and as they try to escape their situation they are vulnerable to abuse, confinement, extortion and rape from smugglers…
Transnational Organised Crime On The Rise In Eastern Africa
UNODC TOC East Africa ReportTransnational Organised Crime On The Rise In Eastern Africa

 

More Latin American Companies Want Women in C-Suite

Gender diversity on the executive team is becoming a top priority for more firms in the region.

Latin Americahas long lagged other regions when it comes to gender diversity in the C-suite. In 2011, women held only 8 percent of  executive committee positions at companies surveyed in Latin America, compared to 14 percent at companies in the United States and 15 percent in Norway…
More Latin American Companies Want Women in C-suite

Women in C-suite

Swiss Agree On Penalties For Banks That Aid Tax Evaders

The U.S. Justice Department signed an agreement with the Swiss government to allow some Swiss banks to avoid or defer prosecution stemming from a long-running probe of tax dodging by Americans using Swiss bank accounts. The Swiss banks that seek to avoid prosecution faced penalties of as much as 50 percent of the value of those assets…
Swiss Agree On Penalties For Banks That Aid Tax Evaders

Joint Statement

Joint Statement

 More Information on German Side

35.7% of Saudi Women Unemployed

 The Saudi labour ministry said that unemployment among Saudi women in the private sector increased by 2.3% in 2012 to 358,000, Arab News reported. The rise was due to inaccessible transportation and the lack of daycare centres to take care of their children, said Amal Sheera, deputy chairperson of the Human Rights Committee at the Jeddah Chamber of Commerce and Industry (JCCI). The unemployment rate for males stood at 6.1% in 2012, while increasing to 35.7% among females. Unemployment for Saudi Women

Art Studio: Traditional Scenes of the Lives of Saudi Women.

 

Women Need To Get Serious About Emergency Savings

Two years ago, I had a string of bad luck. First, I needed an operation to remove a small tumor. Then, my beloved Subaru Outback (with more than 120,000 miles) needed major repairs. And, most sadly, my colicky 13-year-old horse was rushed to surgery. She didn’t survive….

Emergency Funds: Women vs. Men 

In that study, only 43% of women overall reported having an emergency fund, compared with 63% of men. The gap was even wider between women and men age 55 to 64. Just 58% of women in that age group had an emergency fund, while 82% of men did.

I find this all pretty disturbing. Emergency savings are especially critical in your 50s or 60s, when life can really throw you a curveball, from losing a job to unforeseen home repairs.
Women Need To Get Serious About Emergency Savings

Women Need To Get Serious About Emergency Savings