Switzerland scraps Credit Suisse execs’ bonuses

GENEVA  -The Swiss government said Wednesday it would scrap the outstanding bonuses of the Credit Suisse executive board following the bank’s implosion and emergency takeover by rival UBS. The government said the move was to take account of the top-level management’s “responsibility” for the decline of the 167-year-old bank, which was a major player in … Continue reading Switzerland scraps Credit Suisse execs’ bonuses