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Credit Suisse executives lose millions in bonuses as Swiss government wields axe
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The Swiss government slashed bonuses for top managers at Credit Suisse by tens of millions of dollars, after the lender’s implosion and $3.2bn fire sale to rival UBS.
The Swiss Federal Council said it would wipe out all outstanding variable remuneration for Credit Suisse’s executive board.
Managers one level lower will have bonuses halved,...
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