Credit Suisse to Cut Bonuses 40% This Year, Der Sonntag Reports
Stock Chart for Credit Suisse Group AG (CSGN)
Bonuses will be cut to 3 billion Swiss francs ($3.2 billion) from 5.05 billion francs last year, the report said.
The newspaper said UBS AG (UBSN) might cut its bonuses this year as well, without citing anyone.
A Credit Suisse spokesman declined to comment.
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