Switzerland's Finance Minister raises concern over high bank executive pay, cites UBS CEO's $16M compensation, and proposes 22 measures to improve the sector.

Switzerland's Finance Minister Karin Keller-Sutter voiced concern about high executive pay at banks, citing UBS CEO Sergio Ermotti's $16M compensation as an example. She emphasized that large bonuses and salaries at banks need to be addressed to strengthen the Swiss financial sector. Keller-Sutter proposed 22 measures to improve the sector, following last year's Credit Suisse implosion.

April 10, 2024
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