Seeking Alpha

Credit Suisse ties part of bonuses to capital levels

  • About 20% of deferred 2013 pay for directors and managing directors will be in the form of contingent-capital securities which would lose value if the bank's common equity ratio falls below 7%, reports Bloomberg, citing a staff memo.
  • With the move, Credit Suisse (CS -2.4%) joins Swiss rival UBS which is doing the same. “We believe our compensation structure will satisfy our key stakeholders while also allowing us to compensate our employees fairly and competitively in today’s environment,” says the memo.
  • Staff will also receive stock - some of which is subject to clawback - as part of their pay.
From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs