Discover your dream Career
For Recruiters

The new fear at Credit Suisse: clawing back previous years' bonuses

Following today's results announcement at Credit Suisse, it's not just this year's bonuses that might be impacted by last year's turmoil. Insiders are also waking up to the notion that bonuses awarded in previous years could be clawed back too.

Credit Suisse isn't commenting on the potential clawbacks, but the fears aren't entirely unfounded.

Credit Suisse made a CHF1.6bn loss last year. In the investment bank, the pre-tax loss was an even more dramatic CHF3.7bn by virtue of Archegos.

The bank's 2020 compensation report contains the following table...

Got a tip or a story idea? Contact: sbutcher@efinancialcareers.com in the first instance. Whatsapp/Signal/Telegram also available (Telegram: @SarahButcher)

Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Eventually it will – unless it’s offensive or libelous (in which case it won’t.)

author-card-avatar
AUTHORSarah Butcher Global Editor

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.

Boost your career

Find thousands of job opportunities by signing up to eFinancialCareers today.
Latest Jobs
Noah International 諾亞國際
New Business Specialist (Insurance)
Noah International 諾亞國際
Los Angeles, United States
State Street Corporation
Product Specialist - Charles River - Officer
State Street Corporation
Burlington, United States
State Street Corporation
Principal Software Engineer I
State Street Corporation
Burlington, United States
BNY  Mellon
Vice President, Controller
BNY Mellon
Lake Mary, United States

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.