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Credit Suisse plans bonus overhaul amid post-Archegos shift on risk-taking
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fnlondon.comCredit Suisse is planning to overhaul the way it pays bonuses for its employees next year, a move that will tie compensation to longer-term risk-taking in the wake of the Archegos scandal.
The Swiss bank, which unveiled plans to largely shutter its prime services division and shift $3bn in capital away from its investment bank after a series of crises and scandals, will use so-called economic profit as a measure for calculating bonuses. This includes both actual costs and so-called opportunity costs, where a company has to...
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