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Credit Suisse former boss loses CHF 2m from pay package amid scandal

National News // March 26, 2020

The former boss of Credit Suisse has had his pay package cut by almost CHF 2 million - after he left the bank amid a spying scandal. 

 

Pixabay Credit Suisse former boss loses CHF 2m from pay package amid scandal
 
In a report published this week, Tidjane Thiam was found to be accountable for the scandal, even though he wasn’t directly involved. 
 
In its annual report, the Swiss bank confirmed it had slashed Thiam’s bonus by a third - taking his pay packet down to CHF 10 million. 
 
The scandal has sent shockwaves across Switzerland’s famously secretive banking industry.

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