Credit Suisse's CEO Tidjane Thiam is waiving part of his bonus in response to the bank's first year loss since 2008,. 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. The bank said it will pay out a total of $450 million for its first-quarter loss, which was driven by write-downs on bad loans and other charges. 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,. The bank said it will pay out a total of $450 million for its first-quarter loss, which was driven by write-downs on bad loans and other charges. He has also announced that the bank will focus more on wealth management in emerging economies.