UBS Bonuses: Swiss Bank To Claw Back Bonuses For Best-Paid I-Bankers

The Wall Street Journal:

ZURICH -- In another move to rein in compensation, UBS AG notified employees it will claw back part of the bonuses due to its best-paid investment bankers, according to a person familiar with the matter.

Read the whole story: The Wall Street Journal

Comments

[fortressfountain]

02:09 PM on 02/09/2012

More proof no money is being made.
My girlfriend worked for a corporation that went bankrupt-payout of $100,000. Now everyone who did not get a payoff is suing everyone who did.
She was told if she did not get a lawyer she could be sued for more than $100,000.
I do not mind if the bankers get sued as they can only steal and do not work for the money.
But I do not think she deserves to be sued as she was forced into early retirment and such.

[WeCanDoMore]

12:09 PM on 02/09/2012

Can we claw back profits oil men made. WHY should so few become so rich from a commodity made by the earth? They invented nothing. They are middle men. They are ruining us. Socialize energy. Geez. Is this not obvious?

[Kenz300]

12:04 PM on 02/09/2012

This financial disaster has been going on since 2007-2008 and now they are finally cutting bonuses.

They should have cut bonuses and dividend payments in 2008. All the too big to fail banks need to be broken up into 2 or 3 smaller banks. They also need to quit acting like Casinos and gambling with depositors money. It is time to go back to simple lending and stop the gambling.