Home » News/Views » Bankers: Voting with their snouts

Bankers: Voting with their snouts

No wonder the City of London and the banking mafia in Canary Wharf in their multitude of banking skyscrapers shriek so loudly about the “dangers” of Britain leaving the EU. Figures published by the European Banking Association (based in London not Brussels) identify over 3,000 London bankers earning more than 1 million euros (£790,000) in 2014 – three times as many in London as across the entire rest of the EU.

The EU had supposedly capped bonuses in 2014 to 100 per cent of salary or 200 per cent if approved by shareholders. To circumvent the bonus cap, bankers have just raised their salaries. No 1 per cent pay limit in the banking industry!