If UBS fails to generate profits this year, bankers with contracts tied to profitability may see...

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

If UBS fails to generate profits this year, bankers with contracts tied to profitability may see zero bonuses after $2B in losses from a rogue trader puts the Swiss bank in a $630M hole for Q3. Also on the table is a "material restructuring" of its investment banking division, pipes in JPMorgan.