The bank did not respond. At 11.01 GMT, the bank’s shares were trading up by 2.03% to 3.120 Swiss francs. The Stoxx 600 index for all of Europe had a 0.15 percent increase in the banking sector sub-index.
In November, Credit Suisse issued a Q4 pre-tax loss forecast of up to 1.5 billion Swiss francs ($1.58 billion). A year prior, the bank reduced its 2021 bonus pool by 32% after reporting a year-over-year loss.
Recruiters told Reuters that industry-wide incentive reductions of between 30% and 50% are currently anticipated in London and New York. The Swiss bank will reach the top of that range by half its bonus pool by the end of 2022.
source: bloomberg.com
