Investment Banking

Credit Suisse shells out $220m to retain key staff during UBS takeover

The Swiss bank posted a 2.4bn Swiss franc loss in its investment bank during the first six months of 2023

Swiss lender fights to hold on to top staff
Swiss lender fights to hold on to top staff Photo: Fabrice Coffrini/Getty Images

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Credit Suisse paid out 200m Swiss francs ($220m) in compensation to retain staff during its acquisition by cross-town rival UBS this year, according to newly-released figures.

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