HSBC's pay gap for female and Black employees in the UK increased last year, despite a focus on recruiting more senior staff.

The UK lender's average gender pay gap for UK employees in 2022 was 45.2%, according to figures in its annual report, up from 44.9% a year earlier. Meanwhile, the pay differential for Black employees was 24.8% last year, up from 22.9% in 2021.