The Traderszone Network

Published in TZ Latest News 8 February, 2016 by The TZ Newswire Staff

Credit Suisse’s Thiam wants his bonus to be cut up to 50 percent – report

Credit Suisse (CSGN.VX) Chief Executive Officer Tidjane Thiam has asked the bank’s board to cut his 2015 bonus by between 25 percent and 50 percent, the Financial Times reported on Monday, after the bank posted a 2.94 billion Swiss franc ($2.96 billion) loss last year. The Financial Times did not cite a source for the percentage that Thiam’s bonus will be cut. Swiss newspapers on Sunday reported that Thiam had asked for his bonus to be reduced.