1. Credit Suisse Changes Bonus Structure for Senior Staff

    Credit Suisse Changes Bonus Structure for Senior Staff

    (Reuters) - Credit Suisse is boosting payouts to senior bankers, according to a memo seen by Reuters, as it tries to retain top performers after a year of scandals saw its shares lose more than a quarter of their value. The bank, which has been hit by a string of scandals and losses, is increasing the cash portion of short term bonuses senior staff receive and reducing the amount they get in shares which vest after one year...

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  2. Quotes

    1. For Managing Directors and Directors, this change is intended to rebalance the amount of immediate cash that is paid compared to prior years.
    2. With regards to executive compensation, Credit Suisse aims to strike an appropriate balance with the interests of shareholders and wider stakeholders.
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