Pay of Wall St bankers dwarfs British rivals

WALL Street bank bosses’ pay soared ahead of their counterparts in London last year as the US economy boomed.

The chief executives of Britain’s five FTSE 100 banks pocketed a total of £23.9m in 2018.

But the major US players were handed more than four times as much – £100.8m.

Standard Chartered was the last major City bank to report on pay. Chief executive Bill Winters was handed £6m in 2018, up from £4.7m for 2017.

It came as Stanchart, which is based in London but earns most of its profits in Africa and Asia, revealed a 6pc rise in annual profits to £1.9bn.

Winters, 57, was the secondbest paid British bank boss behind Lloyds’ Antonio HortaOsorio, who was given £6.3m.

Top US earner Jamie Dimon, 62, of JP Morgan, got £23.4m.