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Credit Suisse cuts bonuses in wake of Archegos Capital losses


Credit Suisse Group AG has cut bonuses for its staff by hundreds of millions of dollars after it lost US$4.7 billion from the collapse of hedge fund Archegos Capital, the Financial Times reported on Monday.

The Swiss bank’s pre-tax income for the first quarter was expected to be just over US$3.7 billion, with about

Photo: Credit Suisse, Paradeplatz in Zürich (Switzerland) This image was uploaded as part of Wiki Loves Monuments 2011. I, the copyright holder of this work, hereby publish it under the following license:

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