credit score 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 percentage, the monetary instances suggested on Monday, after
the financial institution published a 2.94 billion Swiss franc ($2.96 billion)
loss last yr.
The monetary instances did no longer cite a source for the
proportion that Thiam's bonus could be cut. The financial institution did no
longer confirm the share.
Swiss newspapers on Sunday reported that Thiam had asked for
his bonus to be reduced. Others at the bank are also seeing bonus bills
trimmed.
"i've asked the board of directors for a vast discount
in my bonus," Thiam said in a declaration. "within the management
crew, the reduce is best in my case. I can't call for sacrifices from others
and not make any myself."
The move comes within the wake of credit score Suisse's
first loss in 8 years, lots of task cuts, a $2.6 billion criminal agreement
inside the united states for helping wealthy humans there avoid taxes and
different issues.
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