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

Other stories

'Crisis has cost US$5 trillion'
The forum had forecast the crisis in the financial system in its annual risk report at the start of the year. -AFP

Swiss bank UBS reveals tax fraud cases
Chairman says banking secrecy laws were not devised to shield tax cheats. -AFP

Macquarie to cut Asia jobs?
It is cutting 10 to 15 per cent of jobs in Asia. -Reuters

Lee to 'sacrifice' himself
SKorean president says he will take a 'life or death' attitude in fighting the global crisis. -AFP

Asia stocks up for 5th day
Bank stocks rally for second day, Japan tech sector climbs. -Reuters

India's stock markets shut
Stocks and commodity exchanges will be closed on Thursday due to the coordinated attacks by gunmen. -Agencies

China's downturn deepens
It raises the spectre of job losses and social unrest. -AFP

Free drinks dry up as business media meets Wall St
Unlike years past, cocktail hour came with a price tag. -Reuters

AIG executives defer retention payments
They volunteered to postpone one installment until April 2009. -Reuters