BUSINESS
04/12/2010 05:12 am ET | Updated May 25, 2011

UBS Claw Back: Bank Takes Back $282M In Bonuses After 2009 Loss

Feb. 10 (Bloomberg) -- UBS AG's loss in 2009 will trigger the bank’s bonus claw back mechanism for the first time, depriving senior bankers of 300 million Swiss francs ($282 million) of deferred pay they were due to receive this year.

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