“In 2011, 2,436 UK-based bankers earned in excess of €1m, down from 2,525 the previous year, according to a study by the European Banking Authority. The most senior bankers working in Britain took home on average €1.44m in 2011, down from €2.3m in 2010, highlighting the impact of the downturn in the financial services industry.In total, the country’s highest paid financiers shared a salary and bonus pool in 2011 worth €3.51bn, down from €5.8bn in 2010.However, based on average pay levels, bankers in Spain earned the most, with earnings of €2.26m (£1.95m) in 2010 and €2.44m in 2011. The number of individuals paid more than €1m in Spain was 125.”