Goldman Sachs | Finance giant to pay £171m to settle 13-year-long gender bias claims

Goldman Sachs will pay the equivalent of almost £170million to settle a class action lawsuit over alleged widespread bias against women in pay and promotions, ending one of the highest-profile lawsuits claiming unequal treatment of women on Wall Street.

As reported by Reuters, the $215m USD settlement (£170.7million at the time of publication) covers about 2,887 current and former female vice presidents and associates who worked in investment banking, investment management and securities. Goldman denied wrongdoing in agreeing to settle.