Credit Suisse banker bonuses to be eked out over a year
The investment bank wants to pay some staff compensation in instalments as it seeks to overhaul the business that has been plagued by scandal and losses.
Source: afr.com
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Credit Suisse dials back Asia risk controls after bankers revolt
A requirement that private bankers verify most of their clients’ sources of wealth was eased near the end of last year, while third-party transactions are no longer subject to executive approvals, according to people familiar with the matter.
Source: livemint.com