racketeering conspiracy, securities fraud and wire fraud. On 7 October 2022, the bank offered to buy back USD 3 billion worth of debt, and put Zurich's Savoy Hotel on sale. The bank's current chairman, Axel Lehmann, also assured investors that the bank was stable after wealthy clients begun moving their assets out of the bank. In the fall out from the falling stock prices, insiders believed that Saudi prince Mohammed bin Salman, commonly referred to as MBS, was potentially looking to invest almost $500 million USD into the bank. Work environment Credit Suisse is more internationally minded than most European banks. According to WetFeet's Insider Guide, Credit Suisse offers more travel opportunities, greater levels of responsibility and more client interaction than new employees get at competing firms but is known for long hours. Analysts report 60- to 110-hour work-weeks. Roles and responsibilities are less stringent and the environment is pleasant despite hours being "the most grueling on Wall Street". Vault's Insider's Guide reached similar conclusions, noting above-average training, executive access and openness matched with reports of 80- to 100-hour work-weeks. In 2023, the bank made moves to pay bonuses to top executives and senior bankers upfront but included an added condition that they needed to stay with the bank for three years or else they would need to pay the bonus, or some of the bonus, back to the company. See also Banco Garantia European Financial Services Roundtable First Boston Corporation World Jewish Congress lawsuit against Swiss banks, 1995 References External links Companies based in Zürich Banks established in 1856 Financial services companies established in 1856 1856 establishments in Switzerland Holding companies established in 1856 Companies listed on the New York Stock Exchange Banks based in Zürich Systemically important financial institutions Primary dealers Companies formerly listed on the Tokyo Stock Exchange Companies listed on the SIX Swiss Exchange Holding companies of Switzerland Multinational companies headquartered in Switzerland Swiss brands Investment management companies of Switzerland Corporate scandals