UBS delays its global bonus announcement

first_img UBS delays its global bonus announcement KCS-content whatsapp Thursday 3 February 2011 8:21 pm More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgPuffer fish snaps a selfie with lucky divernypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com THOUSANDS of UBS employees will have to wait an extra week to receive their bonuses, according to an internal memo that a spokesperson confirmed to City A.M. last night. UBS has delayed most of its bonus announcements and promotion decisions in what it said was a drive “to ensure high quality execution of the payment process” and to make sure that regulatory changes have been accounted for in every country. American staff will now learn the size of their bonuses on 16 February, rather than 9 February as planned, with payments to be made in early to mid-March. It is thought that employees in the UK will hear about their bonuses at the end of the month as originally planned. The Swiss bank declined to comment on reports that the bonus pool was being modified due to fears that the pending payouts will be insufficient to retain its top bankers. UBS is due to report its fourth-quarter and full-year results next Tuesday, with analysts predicting quarterly net profits of up to Swfr1.5bn (£983m).The bank scaled back bonuses for senior staff last year after it missed internal profit targets, following criticism from Swiss regulators. Sharecenter_img whatsapp Show Comments ▼ Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramUndoHero WarsAdvertisement This game will keep you up all night!Hero WarsUndoBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoOne-N-Done | 7-Minute WorkoutAdvertisement 7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutUndoLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsUndoBlood Pressure For LifeWhy Doctors May No Longer Prescribe Blood Pressure MedsBlood Pressure For LifeUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndo Tags: NULLlast_img

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