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London bankers have more top earners

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More than 3,500 bankers in Europe earned $1.36m or more last year after a big jump across the continent and in Britain, which had 12 times as many high earners as any other country.



Bank Of England Building

Warning about higher base salaries

Regulations surrounding bankers' pay, particularly the EU bonus cap, have lead to fixed salaries representing a higher proportion of total pay packets, meaning financial institutions are less capable of reacting to a downturn, the Bank of England has warned.