On Tuesday we reported that UBS has informed employees despite expecting bonus information this week, they'd have to sit tight a bit longer, with "bonus communication day" being pushed back to February 16 (and payment in March). The bank had said they just wanted to make sure they were properly complying with regulations (you know how it is). David Faber, however, has heard another theory.
UBS's bonus pool for 2010 was so small as to be termed “unworkable” by a number of senior executives at the bank, and the payout has now been delayed as pleas are made to the UBS board for the pool to be increased, according to people familiar with the situation.
UBS Delays Bonus Pool [CNBC]