Britain lost nearly a hundred highly paid bankers ahead of its departure from the European Union, the bloc’s banking watchdog said on Wednesday, the latest confirmation of how Brexit has reshaped Europe’s financial sector and tax base.
The European Banking Authority (EBA) said in its annual survey of bankers paid a million euros ($1.17 million) or more a year that Britain saw a drop of 95 high earners in 2019.
Britain, however, still accounted for 71% or 3,519 of the 4,963 bankers in the top pay category across the EU in a sign of how London still remained by far the biggest financial centre in Europe.
The million euro threshold includes basic pay, bonuses, long-term awards and pension contributions.
Photo: EPA-EFE/ANDY RAIN
Germany is at risk of entering a violent conflict as Moscow steps up an increasingly aggressive "shadow war" against European democracies, its head of foreign intelligence warned on Mon...
Electric vehicle sales in the European Union reached record levels in 2026, driven by a wave of more affordable models as carmakers work to meet EU emissions targets, according to a new ...
Morning Briefing
Labour ‘cannot pretend it heard nothing’ from Fenech trial - PL President
Labour Party president Alex Sciberras has said the party cannot pretend it “heard nothing...
Morning Briefing
Chief Justice urges political agreement on successor
Chief Justice Mark Chetcuti has urged political leaders to agree on his successor, while warning that delays, ...
The European Commission has unveiled an ambitious package of tax reforms aimed at simplifying tax rules across the European Union, reducing compliance burdens for businesses and strength...
The European Union's new Migration and Asylum Pact enters into force on 12 June, ushering in the most significant reform of the bloc's migration framework in years and placing renewed em...
Electric vehicle sales in the European Union reached record levels in 2026, driven by a wave of more affordable models as carmakers work to meet EU emissions targets, according to a new ...
Authentic Brands Group has approached Mattel about a takeover that could value the Barbie maker at around $6 billion or more, a source familiar with the matter told Reuters.
Authentic...
Artificial intelligence has already transformed industries such as finance and education, but one of its most important tests may come in medicine: discovering new drugs.
Pharmaceutic...
Malta’s new pay transparency regulations, which came into effect on the 5th of June, aim to strengthen fairness and equality in the workplace, but employers are warning that the rushed i...
The Malta Institute of Accountants held its 62nd Annual General Meeting on 24th September 2026 at Villa Arrigo, during which seven of its members were elected to its Council.
The elec...
The Malta Institute of Accountants held its 62nd Annual General Meeting on 24th September 2026 at Villa Arrigo, during which seven of its members were elected to its Council.
The elec...
Fears of renewed escalation gripped the Middle East on Wednesday after the United States and Iran exchanged their biggest barrage since July, with Washington striking Iran's southern co...
President Donald Trump announced late Saturday that he had called off planned U.S. strikes on Iran, saying renewed negotiations had raised hopes of easing the conflict and reopening ship...
At least 32 people have been killed and more than 700 injured after two powerful earthquakes — measuring 7.2 and 7.5 — struck central Venezuela seconds apart, causing widespread destruct...
Thousands of Cuban security personnel have begun leaving Caracas after nearly two decades in Venezuela, as Washington ramps up efforts to dismantle the long standing alliance between the...
Poland's Prime Minister Donald Tusk said he expected Moscow to escalate the war in "in the coming weeks", following Russian strikes that hit a Warsaw-bound train in Ukraine, just two kil...
The departure from Moldova of a plane carrying Ukrainian President Volodymyr Zelenskiy to Norway was delayed when authorities closed the country's airspace over a drone alert, a Moldov...
