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More than $400mn in deferred pay was wiped out after a state-orchestrated rescue by UBS
Bankers contact lawyers over bond-linked rewards that were wiped out by UBS rescue
Young workers on high salaries find financial advice hard to come by
Executive team will lose outstanding variable pay entirely following lender’s rescue by UBS
The average cheque for bankers for 2022 is a quarter less than the previous year
New York state comptroller blames higher rates and Ukraine war for biggest drop in payouts since financial crisis
Finance ministry halts awards as demoralised bankers say ‘we thought it couldn’t get any worse’
Swiss bank had SFr360mn of contingent capital awards outstanding at the end of 2022
Increase in remuneration cements executive’s position as best-paid bank boss in Europe
FT poll shows more readers are stashing any bonus cash rather than splashing it on luxuries
Removal of allowances would plunge bankers into the icy waters of performance accountability
Swiss bank’s board will seek shareholder approval for awards if executives can execute a radical restructuring
Banks take knife to bonus pools, but some traders still hopeful of bumper payouts
Group pays some bankers no bonus for last year’s work while giving others 30 minutes to leave
Working paper says delaying bonuses for several years leads lenders to ‘compensate’ by paying more
Reductions in extra cash and workforce reflect drop in activity rather than external shocks
Reduction for 3,000-strong unit would be most severe since financial crisis
Investment banking could bear the brunt of the pain because of slowdowns in dealmaking
Industry says rules imposed after the financial crisis have hurt ability to attract and retain staff
Ending the cap was the first concrete sign of a promised deregulatory agenda
Bonus cap was always a misguided policy but there is political cost to scrapping it
The bonus cap isn’t an effective measure but nor does scrapping it amount to a radical reform agenda
The politics of the Labour vs Conservative row about limiting annual payouts is probably a wash. Fixing public services is far more crucial
Move to drop EU-era law highly contentious but chancellor argues it will aid economy
Goldman Sachs preparing for job cuts after similar moves in sector
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