LONDON—The CEO of Credit Suisse Group AG has asked his board to slash his bonus, after the Swiss bank posted quarterly results that sent its share price tumbling lower. “I have asked the board of directors for a significant reduction in my bonus,” said Tidjane Thiam, who took over as chief executive in July and has sought to commence a revamp of Credit Suisse amid challenging conditions. Mr....
Credit Suisse's CEO Tidjane Thiam is waiving part of his bonus in response to the bank's first year loss since 2008,. Thiam says he wants to cut costs quicker, promising the lender's bonus pool for 2015 would be 11% smaller than a year previously. He has also announced that the bank will focus more on wealth management in emerging economies.