The big Swiss bank UBS awarded some of its investment bankers millions of dollars in bonuses for their work last year. Now, according to The Wall Street Journal, it's taking some of that money back.
RENEE MONTAGNE, HOST:
Or clawing it back. That's our last word in business today. Claw back provisions implemented after the financial crisis allow banks to recover bonuses from employees. A trading scandal last year cost UBS more than $2 billion and pushed it into the red.
Rick Santorum headed in a different direction after his wins on Tuesday.
Here's NPR's Wade Goodwyn in Dallas.
WADE GOODWYN, BYLINE: North Texas was a good choice for former Pennsylvania Senator Rick Santorum to keep his campaign's momentum going. He met with evangelical pastors in the morning, Tea Partiers in the afternoon and a Republican women's group at night.
(SOUNDBITE OF MEETING)
UNIDENTIFIED WOMAN: It is our pleasure to introduce to you Rick Santorum. Give him a Texas welcome.
And that settlement is, of course, a priority for President Obama. But so is the debt crisis in Europe. Today, he hosts Italy's new prime minister, the technocrat who succeeded the controversial-but-flamboyant Silvio Berlusconi last fall. Mario Monti has not yet turned around Italy's economy, but as NPR's Sylvia Poggioli reports, he's changed the government's image abroad.