Not just at UBS.
With UBS expected to pay significantly lower bonuses as a result of the $2.3bn (£1.5bn) allegedly lost by Kweku Adoboli, one of its London traders, other banks are expected to bid down staff demands. "Bonuses are going to be terrible this year," one rival high-flying banker said. "People are starting to realise this year will be much worse than in 2008."
UBS rogue trader to hit City bank bonuses [Telegraph]