Number of high earners drops in European Banking Authority's latest analysis

Former Investment Banking Editor

The number of high earners at European banks has dropped according to the latest industry analysis, largely due to a weakened pound in the aftermath of the UK's vote to leave the European Union.

There were 4,597 people paid more than €1m in banks in the European Union in 2016, according to regional watchdog the European Banking Authority, which published its latest data on the topic today.

Weaker pound hits EU banking’s €1m earners

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