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More UK bankers paid at least €1m – EU

by: IFAonline
  • 16/07/2013
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More British bankers were paid over a million euros (£860,000) in 2011 than the rest of the European Union (EU) combined, according to the European Banking Authority (EBA).

Figures from the EU’s banking regulator showed 2,346 bankers eared more than 1m euros in the UK, compared with 739 in the rest of the EU, the BBC reports.

In Germany, the EU’s second largest economy, there were 170. The report said the figures illustrated why Britain opposed EU plans for a bonus cap.

Under the plans, a senior banker’s bonnus would be limited to 100% of salary, or 200% with shareholder approval.

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