This post was originally published on this site
https://i-invdn-com.investing.com/trkd-images/LYNXMPEJ0A0BL_L.jpg
The bank declined to comment on the report.
It cut its 2021 bonus pool by 32% after reporting a full year loss. Its overall variable compensation pool fell to 2 billion Swiss francs ($2.17 billion) as the bank reduced regular deferred awards but sweetened pay for senior bankers by a surge in upfront cash and a one-off bonus.
Credit Suisse has been battered by mishaps, including a $5.5 billion loss on U.S. investment firm Archegos. It also had to freeze $10 billion worth of supply chain finance funds linked to insolvent British financier Greensill.
Last month it successfully completed the final part of its 4 billion Swiss franc ($4.28 billion) fund raising and said its liquidity levels had been boosted.
($1 = 0.9231 Swiss francs)
