In 2011, the number of banker millionaires in Britain was far greater than in any other E.U. country, says Walter Helwich according to some recent research by Colorado University. When the European Banking Agency (EBA) announced the data on salaries of bankers, they concluded that 2436 bankers in the U.K. earned at least million, or even more in 2011. Furthermore, the report said that 1,809 of them are working in the banking investment sector, 85 in the retail banking sector, 182 deal with management assets, and 360 in other banking sectors. EBA collects some data in order to draft legislation for limiting the bank bonuses, which will start from 2014.
On the other hand, Britain was opposing to the proposal that the bonuses do not surpass the annual salary, but they were beaten by the other European countries. These countries are convinced that they will not risk with getting big bonuses, such as the period before the outbreak of the financial crisis.
EBA proposes that the bankers’ salary should not be more than 500 thousand euros a year. They also said that only 170 bankers in Germany earned more than one million euros, 162 in France, 125 in Spain, 96 in Italy and 36 in the Netherlands.
The investors cautious after the rise in S & P and Dow Jones indexes
On Monday, the S & P 500 and Dow Jones index reached the highest level in history on Wall Street. The investors acted with precaution, because of a slowdown in the U.S. economy. Dow Jones rose up 19 points, or 0.13 percent (to 15,484 points), while the S & P 500 went up 0.14 percent to 1,682 points and the Nasdaq Index rose up to 0.21 percent or 3,607 points. Moreover, this is the highest level since September 2000. The rise of the S & P 500 index eighth day in a row is due to the growth of the stock prices of Citigroup up to 2 percent.
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