The headline figure was leaked last Friday, triggering warnings by banks in the European Union that they may lose staff to other parts of the world, and that London, the bloc's top financial centre, could be damaged. Accounting firm PwC predicted that up to 10 times the number of bankers in London will be hit compared with current pay curbs.
LONDON, May 21- European shares fell from multi-year highs on Tuesday on concerns the U.S. central bank could call an earlier-than-expected halt to the stimulus programme that had underpinned demand for stocks.
CNBC's Kayla Tausche reports the latest details from JPMorgan's shareholder meeting in Florida. And, Camden Fine, Independent Community Bankers of America; and Tim Bush, Pensions Investment Research Consultants, discuss today's JPMorgan's shareholders meeting where a referendum will be put to vote on whether to split the role of chairman and CEO.
LONDON, May 21- Brent oil futures fell towards $104 per barrel on Tuesday on concerns that the U.S. Investors are focussing on the release of minutes of the Fed's last meeting and testimony by Fed Chairman Ben Bernanke to Congress, both scheduled for Wednesday.