Citigroup nears settlement of gender bias lawsuit

(Reuters) - In the original March 2005 complaint, the plaintiffs
accused the largest U.S. bank's Smith Barney unit of preventing
female brokers from competing fairly with men for new accounts,
promotions and pay, and depriving women of equal training and
sales support.




The plaintiffs said Smith Barney used past performance,
which it called "the results of historical discrimination," as
a means to award business and pay. It said men got advantages
that accumulated over time and that these "keep male brokers at
the top of the compensation scale and female brokers at the
bottom."


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