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Good question. I think 40% is a bit high, but there is a gap.
Main answer is US banks are simply more profitable than UK Banks, and some of that gets shared with employees.
US capital markets, M&A are still much larger than Europe
UK banks also give somewhat more holidays, more benefits, perhaps less hours. Closing the gap through benefits
Sterling is also still weak vs USD, though that has been improving.
US leans capitalistic and free-er markets with thousands of banks so they can make more money.... UK leans socialistic and more regulation with a whole bunch social services provided by the government so it's harder to make more money.
https://www.thetimes.com/money/saving-investing/article/the-four-reasons-americans-are-so-much-richer-than-us-pmh5lx70w