European banks to cut bonuses

Europe’s investment banks, including Barclays, Credit Suisse and UBS, will cut their bonuses by 20% in the coming weeks, reports ft.com. The move will increase the pay gap between U.S. rivals, adds ft.com, and will reduce overall bonus levels for 2012 by up to 15%. Read more. Also read: France won’t be Eurozone victim Time […]

By Wire services | February 4, 2013 | Last updated on February 4, 2013

1 min read

Europe’s investment banks, including Barclays, Credit Suisse and UBS, will cut their bonuses by 20% in the coming weeks, reports ft.com.

The move will increase the pay gap between U.S. rivals, adds ft.com, and will reduce overall bonus levels for 2012 by up to 15%.

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