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It`s those Finance Johnnies again..............
Courtesy Independent.........
Britain leads Europe for the most fat-cat bankers
Britain has three times as many highly paid bankers than the rest of Europe put together,
according to new figures likely to reopen the dispute over City pay.
Data from the European Banking Authority, the EU regulator, suggested Britain had 2,436 bankers
earning more than €1m (£860,000) - a figure thought to be reflective of London's pull as a major
financial centre. Next was Germany, which managed to maintain Europe's biggest economy with
just 170 highly paid financiers, a figure 14 times lower than that in the UK. France, meanwhile,
had just 162. In eight countries in the EU, no bankers received more than €1m.
Nearly three-quarters of the 2,436 British financiers who received more than €1m were classified
as working in investment banking, while 85 worked in retail banking, 182 in asset management
and 360 in other business areas. The new data shows that over three times more was paid out
in bonuses than in fixed salaries in the City, which would appear to breach the bonus cap that
is being introduced from next year.