Swiss Finance Minister Karin Keller-Sutter said she was concerned about the level of compensation paid out to executives such as Sergio Ermotti, who was brought back to run UBS Group AG a year ago and oversee the rescue of Credit Suisse. Ermotti, who has been leading one of the most complex bank integrations since the financial crisis, received a total compensation of around $16 million for his first 9 months on the job, making him the highest-paid European bank chief. While it’s up to shareholders to sign off on such amounts, they exceed “the imagination of any normal citizen,” Keller-Sutter said during a press ... (full story)