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Credit Suisse ordered to suspend payment to staff of deferred bonuses, FT says
The Fly

Credit Suisse ordered to suspend payment to staff of deferred bonuses, FT says

Credit Suisse (CS) has been ordered by the Swiss government to suspend the payment to staff of all deferred bonuses awarded by the bank before 2022, The Financial Times’ Sam Jones reports. The Federal finance ministry has imposed "rumeneration-related measures" on Credit Suisse as a result of the use of taxpayer funds to bailout the bank, and facilitate its merger with rival UBS (UBS), saying in an emailed statement that "This measure relates to already granted but deferred remuneration for the financial years up to 2022, for example in the form of share awards." Reference Link

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