The European Central Bank has called out the finance industry’s failure to promote more women to its upper ranks, and pledged to “work relentlessly” to ensure banks set more credible and ambitious diversity targets. “Banking is still a man’s world,” Frank Elderson, an ECB Executive Board member who’s also vice chair of its Supervisory Board, and Elizabeth McCaul, a member of the ECB’s Supervisory Board, said in a blog post on Tuesday. Though there have been some improvements, “when we look at the actual targets set, we can only express our disappointment,” they wrote. The ECB has since 2021 integrated gender ... (full story)