Bonus Clawback Credit Suisse
According to recent news articles,Credit Suisseconsiders implementing a bonus clawback from 2022 onwards in the compensation scheme because of the collapse of Archegos. Is compensation for M&A/Investment Bankers affected? Are all ranks affected? Does anyone have some information about that (maybe from the inside)?
To be honest this sounds like a huge reason to avoid joining Credit Suisse when receiving offers from otherBBs/EBs
Comments (6)
在我看来,我怀疑他们会这样做,因为y know if they lower comp then everyone would quit and go to another bank
Nevertheless, I'll be following the thread as I'm very interested
https://www.bloomberg.com/news/articles/2021-12-03/credit-suisse-plans-to-restructure-banker-pay-chairman-says
This is one of the more recent articles but it only refers to more senior employees.
Earlier this year, there were also a plenty of sources discussing clawbacks in a more broader sense for bankers at Credit Suisse. I was just wondering if someone has more/better insights.
Not sure why I was thrown monkey shit but okay. I'm sadly not qualified to speak on the subject not can I give proper insight. I will be following the thread asCSis where I'm gonna be starting my career at and want to know what's going on.
Wouldn't be a good idea, will create a mass exodus. Bank already having a hard time retaining employees!
CShas already had MD level clawbacks for a few years.
no coincidence there was an exodus of talent ASAP after Archegos
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