The bank's 66% drop in profits last year is taking its toll on bankers.
Bloomberg reports that UBS Group AG’s Asia-Pacific investment-banking bonus pool fell about 15 percent after profit at the division slumped in the region in 2016, according to a person with knowledge of the matter.
The decline compares with a strong previous year, when the pool rose 20 percent, the person said, asking not to be identified because the figures are confidential. Bonuses for high-performing junior bankers in 2016 were mostly flat or fell by a single-digit percentage, the person added.
Read Bloomberg's full report here.
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