UBS Group AG reduced its 2016 bonus pool and lowered Chief Executive Officer Sergio Ermotti’s pay in a year where profit plunged. The bank restated net income for the year to reflect an agreement in principle to settle a legal case.
UBS Group AG reduced its 2016 bonus pool and lowered Chief Executive Officer Sergio Ermotti’s pay in a year where profit plunged. The bank restated net income for the year to reflect an agreement in principle to settle a legal case.