Credit Suisse (CS) will reportedly cut its 2012 bonus pool by 20% to CHF 2.3B ($2.5B), 23% lower...

|About: Credit Suisse Group AG (CS)|By:, SA News Editor

Credit 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.