Page last updated at 11:37 GMT, Thursday, 28 January 2010

Davos 2010: Bank bonus payments 'wrong' says Soros

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Billionaire investor George Soros has told the BBC that although the banking sector needs a radical overhaul, there is no rush as the situation in 2008 is unlikely to repeat itself for at least 50 years.

He told the BBC's Robert Peston that the payment of bonuses by banks from 2009 profits is wrong, as the profits have been built on a 'gift' - government bail-outs.

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