Read the Internal Memos Credit Suisse Sent Staff on Job Cuts, Bonuses

The Credit Suisse headquarters in Zurich.
Photographer: Francesca Volpi/Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Alex Millson

March 20, 2023 at 4:41 AM UTC

This article is for subscribers only.

Following the news that Credit Suisse Group AG would be sold to UBS Group AG for $3.3 billion, the beleaguered bank issued two internal memos to staff — one signed by Chairman Axel Lehmann and CEO Ulrich Körner, and a Q&A addressing subjects including job security, pay, bonuses and pensions.

Here are both internal memos, in full: