The chart below showing where Europe’s wealthiest earning bankers can be found should come as no surprise.
… Especially to those who recall this chart from a few years back.
And some commentary from Bloomberg:
The number of bankers in the European Union who earned at least 1 million euros a year rose 11 percent in 2012, the EBA says, as bonuses exceeded caps set to take effect next year. The U.K. accounted for 77 percent of the 3,529 bankers paid at least a million, while Germany and France accounted for 6 percent and 5 percent, respectively.
As for the US, well that’s what the Fed’s wealth effect is for.
via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/xmvAF5TrB2I/story01.htm Tyler Durden