Published 1 year ago

Swiss government suspends bonus payouts to Credit Suisse employees

Summary by Fox News

Switzerland's government said Tuesday that it's ordering Credit Suisse to temporarily suspend bonuses for employees after orchestrating a plan for the No. 2 Swiss bank to be taken over by rival UBS.

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Times of India

Switzerland curbs bonus payouts at Credit Suisse

Switzerland's government said on Tuesday that Credit Suisse was ordered to "temporarily" suspend "already granted but deferred variable remuneration," like shares, awarded in the years up to 2022.

1 year ago·India

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Reuters

Switzerland curbs bonus payouts at Credit Suisse

Swiss authorities imposed curbs on bonus payments for Credit Suisse employees, a move that will penalise bankers after a multi-billion-franc state rescue of the bank.

1 year ago·United Kingdom

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Associated Press News

Swiss suspends bonus payouts to Credit Suisse staffers

Switzerland’s government says it’s ordering Credit Suisse to temporarily suspend bonuses for employees after orchestrating a plan for the No. 2 Swiss bank to be taken over by rival UBS. The Swiss Department of Finance said Tuesday that federal law…

1 year ago·United States

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abc News

Swiss suspends bonus payouts to Credit Suisse staffers

Switzerland’s government says it’s ordering Credit Suisse to temporarily suspend bonuses for employees after orchestrating a plan for the No. 2 Swiss bank to be taken over by rival UBS

1 year ago·United States

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Irish Independent

Swiss government orders Credit Suisse to suspend bonus payments

Switzerland’s government has ordered Credit Suisse to temporarily suspend bonuses for employees, after orchestrating a plan for the Swiss bank to be taken over by rival UBS.

1 year ago·Ireland

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Sydney Morning Herald

Switzerland takes aim at Credit Suisse bonus payouts

Swiss authorities imposed curbs on bonus payments for Credit Suisse employees, a move that will penalise bankers after a multi-billion-franc state rescue of the bank.

1 year ago·Sydney, Australia

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