More than 2,400 UK bankers paid €1m-plus, EU regulator says | Business | The Guardian

United Kingdom

United Kingdom (Photo credit: stumayhew)

This is an interesting article, reported in the Guardian. It’s a MUST READ article in my view. Check it out!

More than 2,400 UK bankers paid €1m-plus, EU regulator says | Business | The Guardian.

As I read the article, a number of thoughts came to mind including:

  • Banking remuneration out of line with other sectors
  • Banking remuneration protected from austerity
  • Banking remuneration is not correlated to the effectiveness of the banking sector, especially in financing small businesses
  • UK too dependent upon the financial services sector


  • This leads me to an interesting open question:

How should the UK Government adjust policy given that the UK has more than 2,400 bankers earning EUR1m+?

Any thoughts?

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Greek banks bid for Crédit Agricole unit –


Crédit Agricole (cycling team)

Crédit Agricole headquarters : 91-93 boulevard...
Crédit Agricole headquarters : 91-93 boulevard Pasteur, Paris 15th arr., France (Photo credit: Wikipedia)

This is a very interesting story reported in the FT. Check it out!

Greek banks bid for Crédit Agricole unit –

What really caught my attention was the following comment in the FT article:

Crédit Agricole’s €23bn of Greek loans make the French lender the foreign bank with most at risk should Greece leave the euro.

Personally, I was encouraged that three major Greek banks are ready to go head-to-head to buy Credit Agricole’s Greek subsidiary. Clearly the Greek banks think that it’s a good investment, so perhaps they can see better times ahead in Greece?

Clearly for Credit Agricole and the French Government, the $23bn of dodgy Greek loans are a major embarrassment.

What do you think of this story?


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