U.K. To Crack Down On Bank Sale Incentives

The U.K.’s Financial Conduct Authority is planning to crack down on sales-reward schemes used by 20 major financial institutions in the kingdom, and will encourage firms to shift away from pay structures that award for volume of products sold.

  • 04 Sep 2012

The U.K.’s Financial Conduct Authority is planning to crack down on sales-reward schemes used by 20 major financial institutions in the kingdom, and will encourage firms to shift away from pay structures that award for volume of products sold.

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1 Bank of America Merrill Lynch (BAML) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

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5 BNP Paribas 598.25 2 8.29%