Credit Suisse Restricts Scope of Senior Bankers’ Bonus Clawbacks
Credit Suisse has moved to cap reductions to the bonuses paid to its most senior bankers, limiting the downside risk if their businesses lose money.
More than SFr1.1 billion of deferred cash bonuses awarded by the Swiss group in January are subject to conditions that will allow the bank to claw-back money in the event of poor performance.
Those reductions are limited, however, to 15% for every SFr1bn of loss per division.
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