Published 1 year ago

Swiss cut up to $66M in bonuses for top Credit Suisse execs

Summary by WRAL Tech Wire

The Swiss government says it’s ordered cuts to the bonuses of top executives of Credit Suisse, with nearly 1,000 managers being “deprived” of tens of millions combined as the troubled bank heads toward a forced merger with rival UBS.

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Reuters

Switzerland cuts bonus payouts for top Credit Suisse management

Switzerland has instructed Credit Suisse to cancel or reduce all outstanding bonus payments for the top three levels of management and examine whether those already paid can be recovered, the Federal Council said on Wednesday.

1 year ago·United Kingdom

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Associated Press News

Swiss cut up to $66M in bonuses for top Credit Suisse execs

The Swiss government says it’s ordered cuts to the bonuses of top executives of Credit Suisse worth tens of millions combined as the troubled bank heads toward a forced merger with rival UBS. The country's executive branch announced Wednesday that…

1 year ago·United States

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abc News

Swiss cut up to $66M in bonuses for top Credit Suisse execs

The Swiss government says it’s ordered cuts to the bonuses of top executives of Credit Suisse worth tens of millions combined as the troubled bank heads toward a forced merger with rival UBS

1 year ago·United States

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CNN

Switzerland cuts bonus payouts for top Credit Suisse management

1 year ago·Atlanta, United States

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Irish Independent

Swiss order rescued bank Credit Suisse to cancel bonuses for top bosses

Switzerland has instructed Credit Suisse to cancel or reduce all outstanding bonus payments for the top three levels of management and examine whether those already paid out can be recovered, the Federal Council said.

1 year ago·Ireland

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KRDO

Swiss cut up to $66M in bonuses for top Credit Suisse execs

GENEVA (AP) — The Swiss government says it’s ordered cuts to the bonuses of top executives of Credit Suisse worth tens of millions combined as the troubled bank heads toward a forced merger with rival UBS. The country’s executive branch announced Wednesday that it’s instructed the Finance Department to cancel altogether or reduce by either one-half or one-quarter such bonuses due last year among the top three rungs of management. That will amoun…

1 year ago·Colorado Springs, United States

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