Subscribe to our mailing list

* indicates required

 

 

 

 

BROWSE BY TOPIC

ABOUT FINANCIALISH

We seek to provide information, insights and direction that may enable the Financial Community to effectively and efficiently operate in a regulatory risk-free environment by curating content from all over the web.

 

Stay Informed with the latest fanancialish news.

 

SUBSCRIBE FOR
NEWSLETTERS & ALERTS

FOLLOW US

Archive

Credit Suisse Bonus Cuts: Specifics Reported

December 19, 2011
Credit Suisse Group AG will reduce bonuses for its employees by 40% this year, the newspaper Der Sonntag reported, citing people familiar with the situation who were not identified. Bonuses will be cut to 3 billion Swiss francs - or $3.2bn - from 5.05bn francs last year.  A Credit Suisse spokesman declined to comment. Der Sonntag also noted that UBS AG might cut its bonuses this year as well.  [Reuters, 12/18/11]