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UBS saw rise in 2015 bonus pool

Sergio Ermotti Interview Pic

UBS, which cut its securities unit to focus on wealth management, raised its bonus pool by 14% in 2015, leaving it the only major European bank to award bankers higher compensation.

People News: C Suisse, UBS

Credit Suisse Canary Wharf

Matthew Courey, head of high-yield bond trading at Credit Suisse in London, is leaving the bank to pursue interests in the charitable sector.

SocGen said considers selling City HQ

London Canary Wharf

Societe Generale is considering selling its London headquarters this year after the bank agreed to lease new offices in the Canary Wharf financial district, according to three people familiar with the matter.

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Wells Fargo risk head takes personal time out

Wells Fargo, facing calls to hold senior managers accountable for a scandal over unauthorized customer accounts, said a top risk manager has taken a leave of absence on the eve of CEO John Stumpf’s testimony before the Senate Banking Committee.