Credit Suisse Group AG attacked a British tax on banker bonuses in the wake of the 2008 financial crisis as “arbitrary and discriminatory” on the first day of a trial where it’s seeking to reclaim hundreds of millions of pounds.
The Swiss lender is suing the U.K. government over the one-time 50% tax, which applied to bonuses over 25,000 pounds ($32,000) that were paid almost a decade ago, when anger about banker pay was at its height.
