Bad Policy Worse Than Excessive Bonuses, Says Turner

Lord Adair Turner, chairman of the U.K.’s Financial Services Authority, said flawed regulation did more harm to the stability of the U.K’s financial system than excessive bonuses.

  • 22 Sep 2010
Lord Adair Turner, chairman of the U.K.’s Financial Services Authority, said flawed regulation did more harm to the stability of the U.K’s financial system than excessive bonuses. Speaking at a conference, Turner said proposals approved by the Basel Committee on Banking Supervision is a major a step in ...

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1 BNP Paribas 10,542 20 17.55
2 Bank of America Merrill Lynch (BAML) 6,103 21 10.16
3 Citi 5,130 13 8.54
4 JP Morgan 4,681 6 7.79
5 Morgan Stanley 4,137 11 6.89

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3 Wells Fargo Securities 56,344.19 164 8.03%
4 JPMorgan 53,381.65 156 7.61%
5 Credit Suisse 44,872.46 115 6.40%