LONDON – Banking excesses may have been toned down since the financial crisis, with expense accounts capped, exuberant trading activities curtailed and leverage ratios increasing.
However, some bankers are still able to make a killing in the industry and bank CEOs can still earn as much as £20 million per year in salaries, bonuses, and stock awards.
In a recent article, the Financial Times looked into the total compensation packages of bosses at the world’s biggest banks, compiling data from the annual reports of major lenders around the world.
Understandably, the best-paid CEOs tend to work for major US banks, which have the largest balance sheets, most customers, and are generally among the biggest on the planet.
The top five best-paid bosses all work for US lenders, while a further American boss makes the list. Outside the US, five work for British banks, two for Swiss lenders, two for Canadian banks, and one for Spain’s biggest bank, Santander.
Notably, all 20 of the best-paid CEOs are men, while 19 are white men, with Credit Suisse boss Tidjane Thiam the only member of the BAME community on the list.