The Great Unwind Accelerates
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Credit Suisse Group is considering cutting the bonus pool for 2022 by about half, according to people familiar with the matter, capping a grim year in which the bank was forced to raise $4 billion after a string of losses.
Share: After Congress passed the coronavirus relief bill, it seems that many in the market thought a signing by the president was a foregone conclusion. But in hindsight maybe it shouldn’t have been such a surprise that the package, long a focus of congressional wrangling, might be subject to a little bit more drama. President Trump last night, in a video on Twitter, disparaged the bill and called for changes, including raising the $600 stimulus checks to $2,000 for individuals. House Speaker Nancy Pelosi tweeted that Democrats are “ready to bring this to the floor this week by unanimous ...