--UBS tried to recover hundreds of millions of cash bonuses that Credit Suisse paid to keep dealmakers before the lender's collapse, Bloomberg reports, citing unnamed sources and documents.

--Swiss investment bank UBS contacted hundreds of bankers and offered multiyear payment plans in an attempt to reclaim less than 651 million Swiss francs ($746.9 million) of the CHF1.2 billion owed in restricted cash bonuses.

--UBS declined to comment when contacted by Dow Jones Newswires.

Full story: https://bloom.bg/470zU5k

Write to Helena Smolak at helena.smolak@wsj.com

(END) Dow Jones Newswires

December 14, 2023 03:21 ET (08:21 GMT)

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