In its annual report, which was published on Tuesday 10 April, the European Banking Authority (EBA) announced a decrease in the number of employees of EU banks deemed high earners, or receiving remuneration of more than €1 million.
The report, which studied the remuneration practices of European banks in 2015 and 2016, shows that the number of high earners fell from 5,142 in 2015 to 4,597 in 2016, or a drop of 10.6%, largely due to changes in the exchange rate between the euro and the...