What has gone wrong at Credit Suisse - explained2 min read 15 Mar 2023, 02:02 PM IST
The annual bonus pool has Credit Suisse hanging their hopes on a 70% jump in stock prices
Credit Suisse Group AG's annual bonus pool plunged 50% to 1 billion francs after 2022 brought a loss that wiped out a decade’s worth of profit. Reasons? A plunging share price, an exodus of wealthy clients and erosion of bank’s credibility.
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