The Swiss government said Wednesday it would scrap the outstanding bonuses of Credit Suisse's executive board following the bank's implosion and emergency
The Swiss government said Wednesday it would scrap the outstanding bonuses of Credit Suisse's executive board following the bank's implosion and emergency takeover by rival UBS. The government which engineered the merger said the move was due to the top-level management's "responsibility" for the decline of the 167-year-old institution.