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Sbh Employees Credit Society Form

Sbh Employees Credit Society Form

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time now for Wall Street beat we take a look at what's buzzing on Wall Street in the world of banking and finance there's a couple things going on first it's a Bloomberg scoop UBS trying to claw back bonuses from credit s defectors joining us now is Bloomberg's Sally bwell what's going on here Sally right so it's credit s was struggling through money losing quarter after money losing quarter it awarded some of its managing directors and directors cash bonuses um in a bit to try and retain Talent as it was moving through these scandals and billions of dollars of losses now there were some strings attached to these bonuses that if the employees left within 3 years they would have to pay some or all of that bonus back plus income tax now UBS has decided to go after some of that money it's looking to recover about well there are 1.4 billion of these bonus Awards made um and UBS wants to recover perhaps sort of a figure that is less th

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