A chart showing the payments to staff as a proportion of the incomes generated by the top 20 institutes in the continent has revealed a trio from the UK make up the bottom three, the Daily Telegraph reports.
Standard Chartered - which has a history of more than 150 years - Royal Bank of Scotland and HSBC occupy the lowest positions in the table, which has been put together by Barclays Capital.
According to the study, the lenders are all expected to record full-year cost-to-income ratios of less than 60 per cent, with this figure dipping below 50 per cent in the case of Standard Chartered.
Analysts at Barclays commented: "This chart highlights which firms need to do more in terms of fixing their cost bases in order to get back to industry average profitability levels."
By Gary Cooper