Alpha male culture helped cause financial crash in UK, MPs told

M&G boss Anne Richards says City attitudes discouraged women from joining the industry

An alpha male culture prevalent in City firms was a catalyst for the 2008 financial crisis and discouraged women from joining the industry in the aftermath, MPs have been told.

It is also one of the reasons why the sector has so few women in top jobs today, because of a lack of candidates rising from the middle ranks, the Treasury select committee heard on Tuesday.