CEO Ulrich Körner, who was promoted from his previous role as head of asset management in August, took home CHF2.5 million in 2022.
His predecessor, Thomas Gottstein, had been awarded CHF3.8 million in 2021.
Chair Axel Lehmann was the highest paid board member, receiving CHF3.2 million out of CHF10.4 million awarded to the entire board.
Shareholders at next month’s annual general meeting will be asked to vote through a maximum compensation package of CHF13 million for the board for the coming year.
Top executives would receive a maximum CHF34 million, if approved, plus a CHF30 million ‘Transformation Award’ if the bank reaches strategic turnaround targets.
Last October, the bank announced plans to slash thousands of jobs and sell off parts of its investment banking business.
Shareholders will not be asked to discharge the board and managers of their responsibilities relating to the bank’s disastrous business links to Greensill Capital.
This is due to ongoing legal issues surrounding the collapsed supply chain financing firm.
As a result of the delay, Credit Suisse admitted that its “internal control over financial reporting was not effective” at spotting errors in its financial statements.
Train vs plane: would you take a direct train between London and Geneva?
Eurostar is planning to run direct trains from Britain to Germany and Switzerland from the early 2030s. Would you favour the train over the plane? If not, why not?
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Geneva, which is facing several days of very hot weather, has raised its level of vigilance with regard to the risk of forest fires and is issuing an appeal for caution.
Zurich arbitration authority rules in favour of tenants of ‘Sugus Houses’
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A conciliation authority says the terminations of 105 flat leases in the so-called "Sugus Houses" in the centre of Zurich were abusive. The tenants therefore do not have to move out - at least for the time being.
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Visitors to Switzerland spent CHF19.6 billion ($23.9 billion) last year, a 2.2% rise compared to the previous year, the Federal Statistical Office (FSO) said on Monday.
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Despite the current tense economic situation, Swiss consumer sentiment remains positive. The Swiss spent more money in May than the previous year, particularly on restaurant visits and leisure activities, as shown by the latest figures released by PostFinance.
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A bear killed four sheep in the Lower Engadine region near Scuol, canton Graubünden, last week. This was the first bear attack on local livestock in four years.
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Experts believe that economic development in Switzerland will be weaker in 2026 than the forecasts made three months ago. They have also lowered their predictions for the current year.
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Fewer people in Switzerland have a religious affiliation and the proportion who practice their religion regularly is steadily declining, a survey finds.
Study: trees have major cooling effect even in extreme heat
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Plane trees in cities have an important cooling effect even in extreme heat, according to a new study by the Swiss Federal Institute for Forest, Snow and Landscape Research (WSL).
EPFL launches digitised version of Battle of Murten panorama
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To mark the anniversary of the Battle of Murten on 22 June 1476, the Federal Institute of Technology Lausanne (EPFL) has launched a website that offers the public an immersive experience of the huge panorama painting of the historic battle.
Credit Suisse slammed for ‘serious breaches’ in Greensill debacle
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Swiss financial regulator finds Credit Suisse “seriously breached its supervisory obligations” in its dealings with the collapsed Greensill Capital.
Watchdog calls off investigation into Credit Suisse chairman
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FINMA sees no sufficient grounds to pursue proceedings against the Credit Suisse bank over statements about outflows of client money.
Credit Suisse turns to petrodollars to fund turnaround
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Credit Suisse has returned to the Middle East to shore up its finances amid mounting losses and a deteriorating balance sheet.
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