Broadway

Complete News World

Credit Suisse wants to adjust the compensation system

Credit Suisse wants to adjust the compensation system

Major Bank Credit Suisse is adjusting its pay system after it recently incurred billions of dollars in losses in its Greensill and Archegos funds. This is what Chairman Antonio Horta Osorio (57) and CEO Thomas Gottstein (57) said in an interview with “NZZ am Sonntag”.

The Bank will structure the variable remuneration in such a way that there is no incentive to take excessive risk. For this reason, Credit Suisse is in the process of adapting the compensation model. Wages will be more closely linked to risks incurred and economic gains.