Wealth and Asset Management
Credit Suisse: Final Reckoning for Excessive Bonuses
The financial regulator blames remuneration systems for the downfall of Credit Suisse in its new report. Bankers’ bonuses failed to prevent losses or encourage good behavior at the institution. The bank that once paid its former CEO Brady Dougan a record bonus of 70.9 million Swiss francs ($82.2 million) had…
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