Saturday, December 20, 2008

Worthless assets used for bonuses

Worthless assets used for bonuses

Credit Suisse building in Zurich
Credit Suisse has found something to do with its untradeable assets

Credit Suisse is introducing a new bonus system based on the illiquid assets that were at the heart of the credit crunch.

About 2,000 investment bankers will have their payouts linked to assets with a notional value of 5bn Swiss francs ($4.6bn;

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