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European banks pay bigger slice of bonuses upfront

Thursday, March 31, 2016 - 05:50

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UBS, which posted its highest profit since 2010, has boosted the total amount of its bonus pool by 14 per cent to 3.5 billion Swiss francs.

London

EMPLOYEES at the biggest European firms will get a bigger piece of their 2015 bonuses in upfront cash. Some will have to wait even longer than before to get the whole amount.

Lenders including Credit Suisse Group AG and UBS Group AG are deferring a smaller portion of

sentifi.com

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