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

Switzerland scraps Credit Suisse execs’ bonuses

GENEVA  -The Swiss government said Wednesday it would scrap the outstanding bonuses of the Credit Suisse executive board following the bank’s implosion and emergency takeover by rival UBS. The government said the move was to take account of the top-level management’s “responsibility” for the decline of the 167-year-old bank, which was a major player in […] The post Switzerland scraps Credit Suisse execs’ bonuses appeared first on Inquirer Busine…

Credit Suisse: Swiss government cancels bonuses for 1000 Credit Suisse managers

The bank had run into financial difficulties, and UBS took over the Swiss bank. The majority of Credit Suisse managers now have to forego bonus payments.

Switzerland cuts bonus payouts for Credit Suisse 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 can be recovered, the Federal Council has said.

Switzerland asks Credit Suisse to cut bonuses for top management

The Swiss lender has been instructed to examine whether bonuses already paid can be recovered

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.

Switzerland scraps Credit Suisse execs’ bonuses

The Swiss government said Wednesday it would scrap the outstanding bonuses of Credit Suisse's executive board following the bank's implosion and emergency takeover by rival UBS.