Credit Suisse to Maintain Compensation Packages for Staff, Including Bonuses and Salary Increases

Published on

numen cyber focuses on Web3 Security and Threat Detection and Response. They provide industry-leading Web3 Security Solutions, which
can completely cover cybersecurity requirements of all kinds.

Credit Suisse has communicated to its personnel that the customary compensation packages, including bonuses and salary increments, will continue to be disbursed. The bank has taken this measure to uphold the usual operations of the organization.

STAY UP TO DATE — FOLLOW BLOCKCHAIN DAILY ON TWITTER: @BLCKCHAINDAILY

Credit Suisse has issued a formal statement to its employees stating that there will be no alterations to payroll arrangements and that bonuses will be disbursed as scheduled on March 24th.

The bank has already distributed bonuses in several countries and anticipates no modifications to this practice in remaining jurisdictions, as per the contents of the internal memorandum.

In a momentous development that was brokered by the government, UBS Group AG has reached an agreement over the weekend to acquire Credit Suisse.

This strategic acquisition is aimed at stemming the crisis of confidence that had begun to permeate global financial markets.

The transaction will be completed through an all-share deal, with the Swiss bank acquiring its rival for a sum of 3 billion francs ($3.3 billion).

The deal includes substantial government guarantees and liquidity provisions, making it a comprehensive and consequential undertaking.

Image

Latest articles

Gensler’s SEC Alleges BNB is a Security, How Binance Will Beat the Charges

On June 5th, 2023, the United States Securities and Exchange Commission (SEC) filed a...

How Binance Plans to Fight Back: A Closer Look at Their Defense Against SEC Charges

In what appears to be a renewed effort to exert control over the cryptocurrency market, the U.S. Securities and Exchange Commission (SEC) has levied serious allegations against Binance, the world's leading cryptocurrency exchange, and its founder, Changpeng Zhao.

U.S. Securities and Exchange Commission Sues Binance, Changpeng Zhao


In a significant legal development, the Securities and Exchange Commission (SEC) has taken decisive action against Binance, the global leader in cryptocurrency exchange.

Bail Approved: Terraform Labs’ Do Kwon Walks Free, But What Lies Ahead?

The cryptocurrency world recently witnessed a major development, with Terraform Labs co-founder Do Kwon...

More like this

Gensler’s SEC Alleges BNB is a Security, How Binance Will Beat the Charges

On June 5th, 2023, the United States Securities and Exchange Commission (SEC) filed a...

How Binance Plans to Fight Back: A Closer Look at Their Defense Against SEC Charges

In what appears to be a renewed effort to exert control over the cryptocurrency market, the U.S. Securities and Exchange Commission (SEC) has levied serious allegations against Binance, the world's leading cryptocurrency exchange, and its founder, Changpeng Zhao.

U.S. Securities and Exchange Commission Sues Binance, Changpeng Zhao


In a significant legal development, the Securities and Exchange Commission (SEC) has taken decisive action against Binance, the global leader in cryptocurrency exchange.