Switzerland curbs bonus payouts at Credit Suisse
Tom Sims, Noele Illien and Stefania Spezzati
Zurich | 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.
Switzerland’s government announced 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.
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Reuters
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