Swiss Bank

Photo: The Economic Times

Swiss Investment Bank Cuts 10% Bonus Of Employees In 2023

UBS Group AG cut bonuses for last year by 10% after its dealmakers saw revenue erode by a slump in mergers and capital raisings. On March 6, CEO Ralph Hamers received 12.2 million Swiss francs ($13 million) for his second full year in the job, an increase from the 11 million francs a year earlier. The Zurich-based lender set aside $3.3 billion for employee bonuses last year.

Mon, 06 Mar 2023 - 05:00 PM / by Varsha Joshi

Tags: Swiss Investment Bank, 10% Bonus Cut, employees, Bank Jobs, CEO

Courtesy: Hindustan Times