Many of the Indian Private Banks seem to have somehow known this already, and as the global financial crisis worsens, the British banks are coming round to the view that the problem might be the sex-ratio in bank board-rooms. The Washington Post reports:

... "Clearly, something needs to change," said Howard Archer, chief European and U.K. economist at IHS Global Insight in London. "You can argue that the men have made a right mess of it, and now the ladies should have a go."

..."There are quite a lot of alpha males with testosterone steaming out their ears," said Stuart Fraser, one of London's top financial sector officials.

..."Maybe if we had some more women in the boardrooms, we may not have seen as much risk-taking behavior," said Hazel Blears, one of two female members of Prime Minister Gordon Brown's cabinet who weighed in on the gender debate here this week.

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