⚠️ Heads up: this article is from our "experimental era" — a beautiful mess of enthusiasm ✨, caffeine ☕, and user-submitted chaos 🤹. We kept it because it’s part of our journey 🛤️ (and hey, everyone has awkward teenage years 😅).
UBS has reduced its bonus pool by 14% due to a weak year for traders and dealmakers, and the need to manage costs amid competition from Credit Suisse. At the same time, Sergio Ermotti has become the highest-paid bank CEO in Europe. He received 14.4 million Swiss francs for his first nine months in office, with 12.3 million francs coming from performance-based variable compensation. This surpasses his rival, Andrea Orcel, the CEO of UniCredit, who takes home around 10 million euros.