Women Bankers Need Not Apply

“We need fewer women traders, not more,” Forbes columnist says.

Hey, the 1960s called, and they want their gender stereotypes back. Tim Worstall over at Forbes has some rather inflammatory opinions about women on the trading-room floor. Namely, that there shouldn’t be any. Or, to be fair, that there should be either all men or all women. This is in response to the U.K.’s banking commission suggestions that since banking culture is “overwhelmingly male,” one way to rectify a culture of financial risk is to raise the number of women on boards of FTSE 100 companies. Worstall argues that mixed-gender environments promote risk because the opposite sexes are constantly trying to impress each other. Furthermore, he connects the inception of risky banking since the 1980s to when “women started to be anything other than merely secretaries in that banking environment.” Oh brother.