The bad culture in banking is still not fixed, and more women at the top of the industry could help, International Monetary Fund boss Christine Lagarde said yesterday.
“Several studies have shown that female leadership is more inclusive,” she told an audience in Washington DC.
“You may be familiar with a question I have posed in the past: ‘What would have happened if Lehman Brothers had been Lehman Sisters?’”
Speaking alongside Federal Reserve chair Janet Yellen, Lagarde added that women in much of the world still have worse access to finance than men.
Yellen said banks need to work harder to connect with society.
“Engagement with the broader public is crucial to ensuring that any future steps move our financial system closer to where it should be,” she said.