Suisse

Credit Suisse Could Slash 2020 Bonus Pool By 10% To 15%

At the beginning of this year, we wrote that Wall Street bonuses could fall as much as 40% despite record years for banks, especially in trading and dealmaking. Credit Suisse – as we suggested would happen back in December – is joining this trend is now reported to be considering cutting its bonus pool by…

"This Is Part Of Our Solidarity" – Credit Suisse CEO Says Bankers Are Duty-Bound To Accept Bonus Cuts

Moreso than its crosstown rival, UBS, Credit Suisse has had a difficult couple of years. Negative interest rates have made life difficult for European banks in general. But in 2019, Credit Suisse’s board decided to axe CEO Tidjane Thiam, after several of his subordinates were forced out before him, as a tawdry scandal involving corporate…