European Banks' Millionaire Club Swells as Pay Shifts to SalaryBy and
Largest number of highest earners work in the U.K., EBA says
EU bonus cap led to sizable move from variable to fixed pay
The number of bankers in the European Union earning more than 1 million euros ($1.1 million) soared in 2014, while the bloc’s bonus cap led to a shift toward fixed pay, according to the European Banking Authority.
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