Banking

A record 1,957 bankers across Europe earned more than €1m (£878,000) last year, according to data that shows the scale at which some of the best-paid jobs in Britain have moved from London to the EU since Brexit. The European Banking Authority disclosed on Thursday that the number of bankers earning €1m or more a year had increased by more than 40%, from 1,383 in 2020 to 1,957 in 2021. It is the highest number of €1m-plus European bankers since the EBA began collecting the data in 2010.The figures do...

MARKET WRAPS Watch For: EU euro area balance of payments, accounts of last monetary policy discussions; Italy balance of payments; UK consumer confidence survey, Bank of England credit conditions survey and bank liabilities survey; OECD quarterly labor market situation, harmonized unemployment rates; trading updates from Alstom, Deliveroo, Harbour Energy, Sage Group, Melrose Industries Opening Call: Shares in Europe could be off to a weak start after a fresh batch of U.S. data offered mixed signs of how the economy is weathering the Federal Reserve's tightening campaign. In Asia, stock benchmarks...