UBS Trumps European Rivals as Bonus Pool Surges 14%

UBS has successfully turned around from past legal and profitability issues, achieving a 30% return on equity. While competitors like Deutsche Bank and Credit Suisse cut bonuses, UBS increased theirs, attracting talent. Investors are concerned about rising costs, but UBS remains focused on cost management. The bank's improved performance makes it an attractive option for bankers seeking better opportunities.

What strategic decision did UBS make to overcome its past challenges?

• Increase legal spending

• Focus on retail banking

• Scale back its investment bank

• Expand its investment bank

How did UBS's bonus pool change compared to its competitors?

• UBS decreased its bonus pool by 14%

• UBS increased its bonus pool by 14%

• UBS kept its bonus pool unchanged

• UBS decreased its bonus pool by 11%

What was the reaction of investors to UBS's bonus pool allocation?

• Investors were indifferent to the bonus pool

• Investors were pleased with the bonus pool

• Investors demanded higher bonuses

• Investors were concerned about increased costs

What is UBS's focus for the future according to the transcript?

• Increasing costs

• Expanding into new markets

• Hiring more executives

• Maintaining a keen focus on cost management

How is UBS's current success affecting its ability to attract talent?

• It is attracting talent from competitors

• It has no effect on talent attraction

• It is causing talent to leave UBS

• It is making it harder to attract talent