Swiss govt suspends forms of variable remuneration at Credit Suisse

Kitco Media
By Reuters
Published:
Updated:
Reuters
March 21 (Reuters) - Switzerland's finance department has issued an order to Credit Suisse to temporarily suspend certain forms of variable pay for the bank's employees, the Swiss government said. "This measure relates to already granted but deferred remuneration for the financial years up to 2022, for example in the form of share awards," the Swiss Federal Council said in a statement. (Reporting by Shubham Kalia in Bengaluru, Editing by William Maclean)

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