Volume will always reflect consolidated markets. During market hours, the realtime Cboe BZX price displays and new trade updates are updated on the page (as indicated by a "flash"). Realtime prices are provided by Cboe BZX Exchange on individual U.S. To governments in Greece, Ireland, Italy, Portugal and Spain was 12.1 billion euros, with Italy accounting for 8 billion euros of that amount.The Quote Overview page gives you a snapshot view for a specific symbol. In its annual report, Deutsche Bank also listed its exposure to government debt from the so-called peripheral countries in Europe, whose public finances have shaken the integrity of the euro. While European banks now disclose more about compensation than in the past, details of how the incentive programs are designed still remain opaque. Ackermann also was awarded an additional 2.5 million euros in restricted equity awards, which he will receive only in subsequent years, assuming certain conditions are met. Banks faced severe criticism after theįinancial crisis, when some executives continued to receive large bonuses even as shareholders suffered huge losses. Some of the executives’ pay is deferred for several years, and might be withheld if the bank does not perform asĭeutsche Bank said its pay plan was “linked to the objective of preventing incentives to undertake unreasonably high risks.”īanks in Europe and the United States have been under regulatory pressure to set up bonus programs that reward long-term prudence rather than risk-taking and short-term payoffs. Received stock and options valued at $17 million in 2010, reaping the benefits of a year in which the bank’s earnings jumped 48 percent, to $17.4 billion.Īnshu Jain, who manages Deutsche Bank’s investment banking operations, earned 7.6 million euros in 2010, up from 7 million euros in 2009.Ĭarsten Kengeter, the chief of UBS’s investment bank, received 9.3 million francs, a decline from the 13.2 million he was paid in 2009.īoth banks said they had adjusted their compensation to put more emphasis on long-term success.
Their pay also pales to that of Jamie Dimon,Ĭhief executive of JPMorgan Chase. Grübel earned less than the heads of their investment banks, the institutions said. UBS, based in Zurich, returned to a profit ofħ.2 billion Swiss francs from a loss of 2.1 billion francs in 2009.īoth Mr. Grübel decided to forgo a bonus and received a base salary of 3 million Swiss francs (about $3.2 million), the same as in 2009. The decline came as Deutsche’s net profit fell by more than half last year, to 2.3 billionįor the second consecutive year, Mr. Ackermann received 6.3 million euros ($8.7 million) in 2010 in salary and bonuses, down from 7.5 million euros in 2009. Grübel, the chief executive of UBS, went without a bonus in 2010, while his counterpart at The two reports showed that financial institutions remained sensitive to criticism about lavish pay packages. The news of the investigation was buried in UBS’s 430-page annual report, on Tuesday, the same day that Deutsche Bank issued its yearly report to shareholders. The British Bankers’ Association, which sets Libor rates, said that it observed “rigorous standards” and that its calculations were “fully transparent.”
“UBS is conducting an internal review and is cooperating with the investigations,” the bank said. Millions of homeowners and other borrowers.Ī UBS spokesman, who said he was not authorized to be quoted by name, said the bank had nothing to add beyond a one-paragraph disclosure in the annual report. Fluctuations in Libor affect the payments made by Libor is a measure of how much banks charge each other for loans, and is a hugely important barometer of market interest rates and the health of the financial system. UBS said that the Financial Supervisory Agency in Japan was pursuing a similar line of inquiry and had ordered the bank to provide information. The bank, based in Zurich, said it had been subpoenaed by the Securities and Exchange Commission, the Commodity Futures Trading Commission and the Justice Department in connection with an investigation into whether theīank had tried improperly to influence the London Interbank Offered Rate, or Libor. UBS said Tuesday that United States and Japanese regulators were investigating whether the Swiss bank had tried to manipulate a benchmark used to set interest rates around the world.
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