Credit Suisse May Use CoCo Bonds in Bankers’ Pay, Dougan Says
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Credit Suisse Group AG bankers may in future receive part of their pay in contingent convertible bonds, securities regulators are pushing firms to use to cushion against losses, Chief Executive Officer Brady Dougan said.
“It’s something that we’ll certainly think about,” Dougan said in a Bloomberg Television interview in Zurich today. “I think it’s an interesting idea.”