UBS (UBS) chief Oswald Gruebel hits back at politicians who want to see bonuses cut: "We need...

|About: UBS Group AG (UBS)|By:, SA News Editor

UBS (UBS) chief Oswald Gruebel hits back at politicians who want to see bonuses cut: "We need specialists and executives, whose price is determined by the global market. That is a reality that we must acknowledge if we want UBS to compete globally, generate value for shareholders and remain an attractive employer.”