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Handbook of Safeguarding Global Financial Stability by Gerard Caprio

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Chapter 27

Advantages and Drawbacks of Bonus Payments in the Financial Sector

P. Sinclair

University of Birmingham, Birmingham, UK

Outline

Introduction

The scale of bonuses paid by the world’s major banks in recent years is astounding. Cuomo (2009) presents the evidence of bonus payments and profits for nine leading US banks ...

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