C Suisse May Pay Less in Asset-Linked Bonuses Than in 2011

Credit Suisse Canary Wharf

Credit Suisse may award less in asset-linked bonds to employees for 2012 than it paid out under a similar compensation plan the previous year as part of bonuses.

'In the last four years we have on several occasions remunerated our employees partly in the form of risk positions within some of the investment bank’s portfolio', Chief Financial Officer David Mathers, 47, told reporters on a conference call from Zurich Thursday. 'This year’s was smaller. It’s called the Plus Bond'.

Bloomberg reports that Credit Suisse, which in 2008 awarded employees bonuses linked to a pool of toxic assets, last year granted about $800m in structured notes linked to derivative counterparty risks, named Partner Asset Facility 2, to more than 5,500 senior employees throughout the bank. The bonds were designed to help cut risks and improve the lender’s capital position.

Hit the link below to access the complete Bloomberg article:

Credit Suisse May Pay Less in Asset-Linked Bonuses Than in 2011

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