HSBC Dismisses Gay Head of Equities
HSBC begins to round out the field of those discriminated against. Higher car rates for blacks and hispanics, redlining african americans on home mortgages, and predatory mortgage lending which discriminates against those with lower FICO scores. Add to that the latest charge - PETER Lewis, former global head of equities at HSBC, is taking the banking giant to an employment tribunal, claiming he was dismissed because he is gay. The first three items on our list are from HSBC’s troubled lending arm formerly known as Household International. The last took place in London. Household International is now known as HSBC Finance Corporation. Wage discrimination in London made the news when a member of HSBC’s cleaning crew asked for a living wage. Later, salary parity between UK and US workers made headlines. Across the board, social responsibility and HSBC’s reputation may have taken a heavy hit.
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