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Revealed: The difference in pay at US and European banks

City investment bankers at Wall Street-headquartered companies are seeing their pay grow faster than peers at European banks

Revealed: The difference in pay at US and European banks
Photo: John Holcroft / Getty Images

European investment banks in the City of London are facing tough conversations with their employees around bonuses, as the gap in pay between them and their US-based rivals is widening.

Last year UK and continental investment banks fell behind other global organisations in the race for market share. As a result, their employees’ pay will shrink this year. Meanwhile, increasingly successful US-headquartered organisations in the City are generally shelling out more.

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