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.
Tags: Swiss Investment Bank, 10% Bonus Cut, employees, Bank Jobs, CEO
Courtesy: Hindustan Times