Credit Suisse Shareholders Approve Pay Report in Vote
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Credit Suisse Group AG shareholders backed the firm’s compensation report, even as some investors criticized rising pay at Switzerland’s second-largest bank.
Investors approved the report in a non-binding vote at the annual shareholders’ meeting in Zurich today, with about 81 percent support. Shareholders also backed a change in Credit Suisse’s articles of association to allow binding votes on compensation in the future, in line with changes is Swiss law.