Finance

Here’s how much the CEOs of Britain’s biggest banks got paid in 2017

The CEOs of Britain’s four biggest high street banks (clockwise L to R) Jes Staley, Barclays; Ross McEwan, RBS; Antonio Horta-Osorio, Lloyds; Stuart Gulliver, HSBC.
Reuters

LONDON – This week saw all of Britain’s so-called “Big Four” high street banks — HSBC, RBS, Barclays and Lloyds — report their full year results for 2017.

All had fairly solid, if unspectacular, years — with RBS’ return to profit after nearly 10 years in the red the standout story.

But buried below the toplines among hundreds of pages of strategic updates and discussions of corporate structures, the banks all disclosed the pay received by their big bosses in 2017.

Broadly speaking, UK bank CEOs picked up compensation of an average of just under £5 million each, although there was a gap of almost £3 million between the highest and lowest earners.

In general, base salaries tended to be around the £1 million mark, with bonuses, share awards, pension contributions and other remuneration added on.

British CEOs also picked up far less than their counterparts in the USA, with the best-paid UK boss making less than a third of the total compensation of the best-paid US boss, JPMorgan’s Jamie Dimon. Dimon made $29.5 million in 2017, equivalent to more than £21 million.

Check out how much Britain’s top four bankers made in 2017. The CEOs are ordered by total awarded compensation, from lowest to highest.

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