The Financial Post reports in its Saturday edition that Scotiabank and TD have some of the widest gender pay disparities among Canadian lenders in their U.K. operations. A Bloomberg dispatch to the Post says that Scotiabank pays women 44 per cent less than men on average in the U.K., with the gap widening to 72 per cent for bonuses, according to regulatory disclosures. Scotiabank's London operations fall under the bank's capital markets division, where it employs about 300 people, of which 35 per cent are women. "Scotiabank's U.K. operations is solely a wholesale bank," the lender said in a statement. "The industry-wide disproportionate representation of men in front office roles in this business impacts the extent of a pay gap. We know there is still work to be done to increase gender diversity at senior levels of the bank." TD Securities saw women paid 43 per cent less than men, with the gap widening to 63 per cent for bonuses. TD has 284 employees in its European capital markets business. Of the ranks, 31 per cent are women. Chief executive officer Bharat Masrani says he strives for gender neutrality, however: "Unfortunately, some of these ratios that come out are not reflective. It's not like-for-like jobs."