This content was published on
The Sunday broadsheet Sonntagszeitung said the bank agreed to the bonus with the Federal Financial Market Supervisory Authority (Finma), the Swiss financial regulator. The amount equates to roughly SFr26,000 for each of UBS’s 77,000 employees, although UBS had originally sought to pay out more than SFr3 billion. UBS is also negotiating with Finma on a…
This content was published on
But any decisions will depend on new forecasts, Leuthard said in an interview with the newspapers Der Bund and the St Galler Tagblatt. The economics minister said Switzerland’s action would depend on whether legislators in the United States would back an $870 billion (SFr1.02 trillion) aid package. Leuthard did not specify the scope of a…
