The number of bankers earning more than €1 million a year (‘high earners’) increased slightly in 2019 compared to 2018, from 4,938 to 4,963, according to a European Banking Authority (EBA) report published on 18 August.
More than 70% of these bankers were based in the UK, although 2019 marks a slight decrease (-95 people) in their total number, mainly due to their relocation within the EU in the run-up to Brexit. The number of high earners increased in Germany (492 persons, +9.3%),...