Here are the 11 European countries with the most bankers earning over €1 million

Britain

2086 bankers earning more than €1 million. Despite benchmark manipulation scandals and a financial crisis, London still rules as the investment banking hub for Europe, putting the UK right at the top of the list.

Germany

417 bankers earning more than €1 million. Germany's investment banking sector is dominated by Deutsche Bank, which is trying to boost profitability through cost-cutting measures. The bank said it expects a third quarter loss of €6.2 billion ($6.96 billion).

France

162 bankers bankers earning more than €1 million. French banks were on the verge of collapse when the Greek debt crisis hit, with $14.9 billion (£9.7 billion) of exposures to the country. That was reduced to $20 million (£13 million) by the end of 2014.

Italy

138 bankers earning more than €1 million. Italy has a fragmented banking sector. Its 650 banks have about €186 billion ($201.7 billion) in non-performing loans according to data released by its central bank. But it hasn't stopped high pay.

Spain

133 bankers earning more than €1 million. Spain is recovering from one of the biggest economic and financial crises in its history, with profits growing in the sector after a €41 billion (£30 billion) aid package in 2012.

Sweden

47 bankers earning more than €1 million. Sweden's banking sector is small but one of the most highly-capitalised in the world, which should see it through any financial turbulence without needing a bailout.

Ireland

40 bankers earning more than €1 million. Ireland's government was forced to nationalise lenders Anglo-Irish and AIB after the financial crisis at a cost of around €63 billion ($72 billion).

Netherlands

32 bankers earning more than €1 million. Dutch banks have shrunk their investment banking arms by about 20% since since the financial crisis according to a study by KPMG.

Austria

32 bankers earning more than €1 million. Austrian banks are exposed to struggling economies in central and eastern Europe.

Denmark

30 bankers earning more than €1 million. The Danish banking sector is heavily weighted towards mortgage lending rather than investment banking.

Norway

21 bankers earning more than €1 million. Norway has few high-paid bankers but one of the safest financial industries in the world after a crisis in 1991 sparked tough reforms.