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UBS Bonus Pool Surges 14% as European Rivals Cut Awards

Updated on
  • UBS CEO Ermotti received bonus of 11.5 million francs, up 37%
  • Deutsche Bank, Credit Suisse both cut bonuses by 11% in 2015

UBS CEO Ermotti Gets Bonus of 11.5 Million Francs

UBS Group AG, which cut its securities unit to focus on wealth management, raised its bonus pool by 14 percent in 2015, leaving it the only major European lender to award bankers with higher compensation.

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