European bankers earning more than €1m surged by a third in 2015

The number of bankers and financiers pulling down €1 million ($1.4 million) or more soared 33 per cent to 5142 across the European Union in 2015, the bloc's banking regulator said.

Bankers based in the UK accounted for 80 per cent of the highest earners largely driven by appreciation of the pound against the euro, the European Banking Authority said in a report. Bankers paid in pounds got a boost relative to their continental peers as the UK currency gained 5.4 per cent against the euro in 2015, according to data compiled by Bloomberg.

Bloomberg