UBS reductions on bonus pool, CEO's pay in & #039 #039;challenging&; year

Zurich
UBS Group AG lowered chief executive officer and handed out the lowest bonuses in four years the payout of Sergio Ermotti as gain last year declined.
The bank cut the bonus pool for 2016 by 17 per cent to 2.9 billion Swiss francs (S$4.1 billion), according to its yearly report