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UBS UBS Group AG

30.36
0.26 (0.86%)
Last Updated: 16:26:11
Delayed by 15 minutes
Share Name Share Symbol Market Type
UBS Group AG NYSE:UBS NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.26 0.86% 30.36 30.39 30.045 30.07 429,172 16:26:11

UBS Reclaims Millions in Cash Bonuses From Credit Suisse Defectors, Bloomberg Reports

14/12/2023 8:36am

Dow Jones News


UBS (NYSE:UBS)
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From Nov 2023 to May 2024

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--UBS tried to recover hundreds of millions of cash bonuses that Credit Suisse paid to keep dealmakers before the lender's collapse, Bloomberg reports, citing unnamed sources and documents.

--Swiss investment bank UBS contacted hundreds of bankers and offered multiyear payment plans in an attempt to reclaim less than 651 million Swiss francs ($746.9 million) of the CHF1.2 billion owed in restricted cash bonuses.

--UBS declined to comment when contacted by Dow Jones Newswires.

 

Full story: https://bloom.bg/470zU5k

 

Write to Helena Smolak at helena.smolak@wsj.com

 

(END) Dow Jones Newswires

December 14, 2023 03:21 ET (08:21 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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