Ex-Credit Suisse Bankers Weigh Legal Fights Over Bonus Clawbacks
- Some bankers may try to fight three-year commitment for awards
- Credit Suisse this week announced fresh upfront cash awards
For staff who stayed at Credit Suisse, the awards allowed them to get immediate cash rather than wait years.
Photographer: Stefan Wermuth/BloombergThis article is for subscribers only.
A year ago, Credit Suisse Group AG handed its bankers about $870 million of cash bonuses with the caveat that they had to stay for three years or pay some of it back.
That second part might be trickier than the bank’s leaders hoped.