JOURNAL ARTICLE

Credit Suisse Bankers Shouldn't Have Been Stripped of Bonuses, Court Says.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Miller, Hugo 3 of 3

Abstract

A Swiss court ruled that a group of former Credit Suisse bankers were unlawfully stripped of their bonuses when UBS Group AG acquired the struggling bank. The court's decision could lead to more lawsuits from hundreds of employees seeking unpaid compensation. The Finance Ministry's order to cut bonuses for Credit Suisse employees was deemed wrong and disproportionate by the court, potentially affecting around 1,000 individuals. The ruling may prompt further legal action and calls for changes to bonus clawback laws in Switzerland. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/05, pN.PAG
  • Document Type:Article
  • Subject Area:Business and Management
  • Publication Date:2025
  • Accession Number:185197228
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