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Credit Suisse (CS) will reportedly cut its 2012 bonus pool by 20% to CHF 2.3B ($2.5B), 23% lower...
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Monday, January 14, 7:08 AM ETCredit Suisse (CS) will reportedly cut its 2012 bonus pool by 20% to CHF 2.3B ($2.5B), 23% lower than 2011 which was 40% lower than 2010. The bank is suffering from sluggish capital markets, but the cuts also reflect a move to stop rewarding employees for taking on risk which could explode in investor faces further up the road.
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