UBS has increased its bonus pool by 10% for 2025 as the bank nears completion of its Credit Suisse integration following the government-brokered rescue two years ago. The larger payout reflects financial performance, integration progress and competitive market considerations, according to the bank's annual report. CEO Sergio Ermotti's total compensation remained unchanged at CHF 14.9 million ($19.1 million), including CHF 12.1 million in variable pay and a CHF 2.5 million base salary, which has stayed constant since 2011. The investment banking division drove stronger results, with operating profit rising 34% last year, partly boosted by market volatility linked to US tariffs. Some investment banking units saw bonus pools increase up to 20%. Meanwhile, UBS faces potential additional capital requirements of up to $26 billion from Swiss regulators.

A former Credit Suisse trader fired after the bank's $5.5 billion loss from the Archegos Capital Management collapse has won $8.7 million in back pay. Paul Galietto was amongst at least nine senior executives dismissed following the 2021 failure of Bill Hwang's investment firm, which later saw Hwang convicted of defrauding bankers. Credit Suisse was particularly hard hit by Archegos, having been more aggressive in extending credit and slower to liquidate positions compared to other Wall Street banks. UBS, which acquired Credit Suisse in 2023, was ordered to pay Galietto the clawed-back wages. UBS has already paid over $380 million to US and UK regulators for compliance failures related to Archegos and is currently resisting Swiss regulators' demands to raise billions in additional capital.

Advance Metals Limited (ASX: AVM) has completed a $13 million placement to accelerate exploration of its silver-gold projects in Mexico and gold projects in Victoria, Australia. The placement was supported by funds including Jupiter Asset Management and Tribeca Investment Partners, which invested $6.5 million combined. The funds will support drilling programs at the Guadalupe y Calvo Project in Mexico and the Happy Valley Prospect in Victoria. The placement price was $0.10 per share.