Wealth and Asset Management
UBS rogue trader to hit City bank bonuses
Banks are already under regulatory pressure to shrink their bonus pools to retain more profit as loss-absorbing capital. In addition, trading this year has been poor. With UBS expected to pay significantly lower bonuses as a result of the $2.3bn (£1.5bn) allegedly lost by Kweku Adoboli, one of its London…
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Click here to read the full story: Telegraph