UBS is actively seeking to reclaim hundreds of millions of Swiss francs in cash bonuses paid to Credit Suisse employees prior to their financial breakdown.
![The UBS office headquarters in Zurich, Switzerland. PHOTO: Arnd Wiegmann/Reuters](https://krugmaninsights.com/wp-content/uploads/2023/12/ubs-february-17-2021-reuters-1024x651.webp)
The bank has contacted hundreds of bankers and offered multi-year payment plans, in an effort to recoup some of the 1.2 billion Swiss francs ($1.38 billion) in restricted cash awards, which