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Ex-UBS execs return $88m
LUZERN (Switzerland) - FORMER senior executives at Switzerland's biggest bank UBS have voluntarily renounced about 70 million Swiss francs (S$88 million) in bonuses and wages, the bank's chairman Peter Kurer said on Thursday.
The sum included bonuses foregone by former chairman Marcel Ospel, who together with former board members Stephan Haeringer and Marco Suter returned 33 million francs to the bank, one of the worst hit by the financial crisis. ... more
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