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.
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Situation in Swiss landslide valley remains unstable
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Authorities in Valais said on Thursday that it was still too dangerous to begin clear-up activities around the village of Blatten.
Spar Switzerland put up for sale by South African owner
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Talks with potential buyers of the 360-plus Spar stores in Switzerland are underway, but it’s not clear who’s in the running.
Further villages in Swiss landslide area avoid damage for now
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Due to the build-up of a lake behind the debris in Blatten, canton Valais, parts of neighbouring villages have been evacuated as a precaution.
Glacier collapses burying large parts of Swiss village Blatten
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A gigantic avalanche of ice, mud and debris has buried a large part of the village of Blatten after a major glacier collapsed.
Swiss government seeks better labour integration of Ukrainian refugees
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The Swiss government has now set a goal of 50% of Ukrainian refugees to be in employment by the end of 2025, compared with 38% at present.
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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