London continues to remain lucrative for bankers despite the uncertainty over the country's withdrawal from the EU.
div > div.group > p:first-child"> Data published from human resources firm Emolument, which analyzed 4,475 salaries and bonuses from front-office bankers working in London, Paris, Frankfurt and Milan, found that the U.K. capital was the most rewarding in terms of pay.
Frankfurt can pay lower bonuses but have higher base salaries. For example a vice president at a bank can get £108,000 in Frankfurt compared to £90,000 in Paris, Emolument said. Government officials and policymakers from these European cities have been lobbying banks to shift bases to their region. Speaking to CNBC last week, Italian Finance Minister Giovanni Tria said Milan is in the race to become a financial capital.
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