Bankers Accused Of Regularly Offering Women To Clients
More in BUSINESS NEWS
back-up- Meet Goldman Sachs' Newest Managing Directors
- Geithner On Financial Regulatory Reform
- Free Job Postings Until 31.03.2010
- Bank Tells Staff To Knock Off Early To Make Babies
- 'Do I Seem Like A Guy Who Throws Chairs ?'
- Best Place To Work Update
- Office Humour - Warning, Some May Find This Offensive
- City Bankers Prepare For Disaster Scenario
- John Thain Defends Wall Street Bonuses
- Click Here To Register For Free News E-Mail Alerts
- Lazard Names New CEO
- Top Firm Told To Give Up Bonuses
- Government Accused Of Botching Major Bailout
- UBS Reveals Its Hand
- The Dash For Trash
- Too Big To Fail
- 'Sorry - But Christmas Is Cancelled'
- Regulator To Have Power To Tear Up Banker Pay Contracts
- IT Programmers Accused Of Being Madoff Accomplices
- Cityboy On Corporate Social Responsibility
- Top Firm To Unveil Turnaround Strategy
- The Obvious Candidate To Succeed Ken Lewis Is Ken Lewis
- Quit The UK To Avoid Higher Taxes - Poll Results
- Bankers Forced To Take Second Jobs To Make Ends Meet
- Goldman Kitten Payments Go A Stray
- More Compensation News
- Best Place To Work 2010 - Vote Now
- Banker Eye Test
- Goldman Sachs - View From The Top
- The Lloyd's Prayer
- Exec Claims Hedge Fund Boss Hired Hit Man To Kill Her
- $125m-A-Year Banker's Wife Says She Was Treated Like 'Mail-Order Bride'
- 'The Sell Out'
- 'Many Of You Have Seen Life Savings Vanish'
- Tough Times For Expenses - £5 For Lunch
- Tragic Banker Rehearsed Suicide Before Killing Himself
- Bear Stearns Fraud Case - The Verdict
- Even More Compensation News
- CEO Says That History Will Vindicate Him
- Traders Desperate To Get 'The Clap'
- Reservoir Gods
- Who Was Mr Angry During The Financial Crisis ?
- JPMorgan Chase Compensation Letter
- Regulator Warns - 'Yes, That Does Mean People Go To Jail'
- Brokers Complain Of Bailed-Out Banks Bullying Tactics
- Best Place To Work - Previous Winners
- Best Place To Work 2009 Results - The Top 100 Firms
- CEO Says He Could Top Himself & People Would Cheer
- Top Firm Hires 78-Yr-Old / Ex-Boss Says 'Sorry' For Citigroup
- Top Firm Said To Be At Loggerheads
Related Content
- Firm Accused Of 'Blackmailing' Corporate Clients (28/09/2009)
- Breasts & Brains (Women Need Both) (06/10/2009)
- 'Hardly Good News For Women In The City' (12/09/2009)
- City Women Receive Around 80% Less In Bonuses Than Men (07/09/2009)
- IT Programmers Accused Of Being Madoff Accomplices (16/11/2009)
- Bank Accused Of Permitting 'Suicidal Conduct' (13/09/2009)
According to the newspaper, Ms Banyard told the Committee: 'We took extensive evidence from individual women who said that it was becoming frequent for meetings to be held in lap dancing clubs, and I also had women speak to me and say that prostitution was being used in client deals, or in ways to generate business'. One interviewee also claimed that she heard her boss ask colleagues if they knew of a good brothel in Edinburgh, as he was looking to entertain some Russian clients there.
The use of hookers, of course, is said to be a lead indicator for the economy, with many 'economists' claiming that an increasing number of prostitutes turning tricks usually equates to an economy turning the corner. Bloomberg last reported on this subject in May, when Latvian hookers were said to still be having a hard time (or not, as the case may be). And The New York Daily News has reported this week that, as cash it still difficult to come by, prostitutes from South America are flocking to Costa Rica (prostitution is legal there) , where the going is thought to be better. Unfortunately, the huge influx of women has resulted in prices falling by around 50%. One Costa Rican hooker told the Miami herald: 'Business is bad. The problem is competition. Sometimes I don't even make enough to take a taxi home!'.
Finally, The Financial Times reports that Nichola Pease, deputy chairman of JO Hambro , told the same Select Committee that she felt the legislation in place to protect the rights of women in the workplace had turned 'into a nightmare', and that careers had suffered as women were entitled to too much maternity leave. Ms Pease also said that the 'old boy network' that was rife in the City in the 1980s had 'died a death'.
Please use the 'E-Mail' button immediately under the article title to send this item to a friend.
