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ubs ceo salary raises questions amid shrinking banking job market
UBS CEO Sergio Ermotti earned CHF 14.9 million in 2024, a figure deemed high in absolute terms but moderate compared to U.S. counterparts. The shrinking job market for bankers, exacerbated by the Credit Suisse merger and AI advancements, raises concerns about the future of banking careers. Experts suggest Ermotti's lower salary this year may reflect political considerations amid calls for capping bank executive pay.
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