US giants are forced to reveal scale of bonanza

work for the American banks’ European arms, with the vast proportion based in the London headquarters of their respective organisations.

The big US banks are responsible for about a quarter of the City’s high earners. The European Banking Authority compiles figures for the industry as a whole and found that 4,133 people in the City across banking and f u n d ma n a g e me n t earned more than €1 million in 2015.

Full figures for 2016 are due out i n the next few months.

The banks had to reveal the data by the end of last year. European banks have to reveal the same numbers, but do so much earlier as part of their annual reports.

Barclays pays 541 staff more than €1 million worldwide, it said in February last year, with about a third of those believed to be based in London.

HSBC paid 363 staff more than € 1 million each. RBS paid 87 people more than €1 million each, while Lloyds said 53 people had earned at least that much in 2016.

The British banks’ figures cover their worldwide operations rather than just their European businesses.

It emerged separately last week that three investment bankers who advised on many of 2016’s biggest deals had shared £ 6 3 mi l l i o n between them.

Sir Simon Robey, Simon Warshaw and Philip Apostolides enjoyed the huge payday through their boutique corporate finance advice firm Robey Warshaw. The highest earner of the three, who was not named, got £37 million.

The trio had advised SABMiller on its £ 79 billion sale to rival brewer AB InBev, and helped Japan’s Softbank buy British microchip maker Arm Holdings for £24.3 billion.

BONUS: From top, Richard Gnodde, Daniel Pinto and Michael Sherwood