Legal & distress·October 22, 2026 at 2:22 PM EDT·1 source
UBS Defeats Ex-Credit Suisse Managing Directors’ Back-Pay Claims
UBS -1.1%GLDI
UBS · last 30 trading days-3.3% since the news
News
What happened
- UBS prevailed against two former Credit Suisse managing directors in claims over deferred compensation.
- The executives argued their compensation certificates should not have been written down after UBS and Credit Suisse merged in 2023.
Why it matters
The ruling addresses how deferred compensation was treated in the UBS-Credit Suisse integration, with implications for employee claims and retention arrangements in banking mergers.
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Timeline
- EarlierOct 15Dangote Cement Adds Goldman, UBS for November London Listing
- EarlierOct 16Brazilian Asset Manager WHG Expands Its Local Equities Team
- EarlierOct 21UBS Cuts Zurich Junior Banker Starting Associate Pay by 20,000 Swiss Francs
- EarlierOct 22UBS Acquires 4.8% Stake in Leading India Wealth Manager 360 One
- First reported by BloombergOct 22UBS Defeats Ex-Credit Suisse Managing Directors’ Back-Pay Claims
Who is involved
UBS Defeats Ex-Credit Suisse Managing Directors’ Back-Pay ClaimsUBS Group AGUBSCredit Suisse Group AGGLDI
Company
Sources (1)
Related
- Oct 22 · UBS Acquires 4.8% Stake in Leading India Wealth Manager 360 One
- Oct 21 · UBS Cuts Zurich Junior Banker Starting Associate Pay by 20,000 Swiss Francs
- Oct 16 · Brazilian Asset Manager WHG Expands Its Local Equities Team
- Oct 15 · Dangote Cement Adds Goldman, UBS for November London Listing
- Oct 15 · Credit Suisse bankers denied bonuses stripped after UBS takeover
- Oct 15 · Marsh to shoulder biggest chunk of Greensill settlement with Credit Suisse
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