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UBS pays $2.2m to key bankers as bonus pool takes hit from Archegos loss
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UBS paid around 700 of its top bankers bonuses of $1.6m as large investment banks have continued to pay out huge sums for key employees amid a battle for talent.
The Swiss bank paid key employees, known as key risk takers, from a $1.6bn bonus pool, according to the annual report for the 2021 financial year. The bonuses are for top staff whose actions can affect the risk profile of the bank — they received an average payment of $2.2m each, made up of bonuses and salaries.
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