AGL 40.39 Increased By ▲ 0.39 (0.98%)
AIRLINK 126.80 Decreased By ▼ -0.24 (-0.19%)
BOP 6.60 Decreased By ▼ -0.07 (-1.05%)
CNERGY 4.51 No Change ▼ 0.00 (0%)
DCL 8.52 Decreased By ▼ -0.03 (-0.35%)
DFML 41.75 Increased By ▲ 0.31 (0.75%)
DGKC 86.90 Increased By ▲ 0.05 (0.06%)
FCCL 32.30 Increased By ▲ 0.02 (0.06%)
FFBL 65.00 Increased By ▲ 0.20 (0.31%)
FFL 10.15 Decreased By ▼ -0.10 (-0.98%)
HUBC 109.58 Increased By ▲ 0.01 (0.01%)
HUMNL 14.60 Decreased By ▼ -0.08 (-0.54%)
KEL 5.12 Increased By ▲ 0.07 (1.39%)
KOSM 7.57 Increased By ▲ 0.11 (1.47%)
MLCF 41.30 Decreased By ▼ -0.08 (-0.19%)
NBP 59.53 Decreased By ▼ -0.88 (-1.46%)
OGDC 194.99 Increased By ▲ 4.89 (2.57%)
PAEL 28.27 Increased By ▲ 0.44 (1.58%)
PIBTL 7.77 Decreased By ▼ -0.06 (-0.77%)
PPL 152.36 Increased By ▲ 2.30 (1.53%)
PRL 26.68 Decreased By ▼ -0.20 (-0.74%)
PTC 16.10 Increased By ▲ 0.03 (0.19%)
SEARL 79.06 Decreased By ▼ -6.94 (-8.07%)
TELE 7.45 Decreased By ▼ -0.26 (-3.37%)
TOMCL 35.49 Increased By ▲ 0.08 (0.23%)
TPLP 8.30 Increased By ▲ 0.18 (2.22%)
TREET 16.05 Decreased By ▼ -0.36 (-2.19%)
TRG 53.00 Decreased By ▼ -0.29 (-0.54%)
UNITY 26.75 Increased By ▲ 0.59 (2.26%)
WTL 1.25 Decreased By ▼ -0.01 (-0.79%)
BR100 9,941 Increased By 56.9 (0.58%)
BR30 30,902 Increased By 301.8 (0.99%)
KSE100 93,803 Increased By 447.7 (0.48%)
KSE30 29,055 Increased By 123.8 (0.43%)

Switzerland's biggest bank, UBS, is planning to boost its bonus payouts this year by up to 25 percent, Swiss weekly SonntagsZeitung said on Sunday. The newspaper cited a source with access to UBS top management as saying that Europe's biggest wealth manager would increase the bonus pot for staff in the Swiss business by 15 percent, while wealth managers would get up to 25 percent more.
A UBS spokesman declined to comment on the report. He said the bank would detail bonuses payable on 2010 business when it releases its fourth-quarter results on February 8. The paper said that depending on what is decided for UBS's investment banking business, the total bonus payout could rise to 4 billion Swiss francs for 2010 from 3 billion for 2009.
The paper quoted Swiss politicians condemning the higher bonus plans by the bank, which had to be bailed out by the government after writing down more than 50 billion francs of toxic assets in the crisis.

Copyright Reuters, 2011

Comments

Comments are closed.