JPMorgan Chase reveals it paid more than 100 of its London staff HK$25.7m

The biggest US bank, JPMorgan Chase, paid more than 100 of its London staff an average of £2 million (HK$25.7 million) in 2012.

The disclosure came as fresh evidence emerged of the massive deals being paid in the City of London financial district despite an outcry over banking "fat cats" after the 2008 credit crisis.

Goldman Sachs has already said its high-fliers received an average of £2.7 million in 2012 - up by half on the year before - fuelling fresh anger about bankers' bonuses.

The banks are required to provide the information about their operations in the UK to comply with an EU rule introduced after the 2008 crisis. Banks must give details of the pay of "code staff", those deemed to be taking and managing risk.

The details of the pay awards come as new rules from Brussels come into force to restrict top bankers' bonuses to one times their salary, or twice with the approval of shareholders.

Sharon Bowles, of the European parliament's economic and monetary affairs committee, said the move was intended to change the culture of banking.

"The bankers' bonus cap is part of building a much-needed culture change, putting an end to the sort of short-termism and excessive risk-taking that led to the financial crisis," she said.