The Archegos collapse will affect trader bonuses at UBS while other divisions see increases.
Although the bonus pool at UBS expanded around 10 percent last year, traders will be getting a lower than in the previous year, according to a «Bloomberg» report (behind paywall), citing sources familiar with the matter.
UBS suffered losses of $861 million when Archegos Capital Management collapsed in 2021.
Conversely, investment bankers can expect to see a 15 percent increase in their individual variable for 2021 after a good year advising on deals and mergers and acquisitions, Bloomberg said.
Arms Race
In what is amounting to an arms race to attract and maintain talent, banks are announcing record bonuses for 2021.
