Credit Suisse executives earned 12% less in total aggregate compensation in 2020, the bank’s annual report showed on Thursday, as bonuses were hit by legal matters, anticipated credit losses and a hit from a writedown in its asset management business. Executives were awarded 68.4 million Swiss francs ($74.08 million), the report showed, while CEO pay also fell. Chief Executive Thomas Gottstein became head of the bank last February after the abrupt departure of predecessor Tidjane Thiam. -Reuters Share this: Share on X (Opens in new window) X Share on Facebook (Opens in new window) Facebook Share on LinkedIn (Opens in new window) LinkedIn Share on WhatsApp (Opens in new window) WhatsApp Share on Telegram (Opens in new window) Telegram Like this:Like Loading… Related Post navigation Steeper And Higher: U.S. Bond Tantrum Averted, But Worries Remain BlackRock Ups Focus On ‘Natural Capital’ Ahead Of AGM Season
