European banks to cut bonuses

By Wire services | February 4, 2013 | Last updated on February 4, 2013
1 min read

Europe’s investment banks, including Barclays, Credit Suisse and UBS, will cut their bonuses by 20% in the coming weeks, reports

The move will increase the pay gap between U.S. rivals, adds, and will reduce overall bonus levels for 2012 by up to 15%.

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Wire services