Wealth and Asset Management
FINMA sees UBS, CS bonuses based on true profits
Swiss banking regulator FINMA said it expects UBS AG and Credit Suisse Group AG to pay out bonuses only on "true" profits, or those stripped of effects which flattered third-quarter earnings such as billion-franc accounting gains on their own debt. FINMA is referring to differences in recently reported profits, artificially…
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Click here to read the full story: Reuters