Credit Suisse faces challenges amidst government cuts, protests, and potential takeover.
TL;DR Summary
The Swiss government has cut bonuses for around 1,000 senior Credit Suisse bankers as part of its cost-cutting measures. The move comes after the bank reported a 22% drop in net profit for the first quarter of 2021.
- Swiss government cuts bonuses for 1000 senior Credit Suisse bankers Financial Times
- Credit Suisse Will No Longer Be Independent: UBS's Kelleher Bloomberg Television
- Protests outside Credit Suisse shareholder meeting Reuters
- How UBS Can Turn a Wake for Credit Suisse Into a Party Bloomberg
- Switzerland faced a full-scale bank run if Credit Suisse went bankrupt, Swiss regulator argues CNBC
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