Credit Suisse's CEO Thiam is waiving part of his bonus in response to the bank's since 2008 loss first year ,. Tidjane 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.
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.