UBS’s Hamers Says Bonus Pool Won’t Match 24% Jump for 2020
- Plans to buy back as much as $5 billion in shares this year
- CEO sees wage pressure across global investment banking
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UBS Group AG won’t increase its bonus pool for 2021 at the same rate it did a year earlier, when it jumped by almost a quarter, as Switzerland’s largest bank balances the need to retain talent with payouts to investors.