Credit Suisse verag ‘n dos high executives and eliminates the bonuses for its directives by the collapses of Greensill and Archegos Capital

Published:

6 from 2021 21:30 GMT

The Swiss bank estimates that the number of these entities will be lost online at 965 million dollars in the first quarter of 2021.

Debt to the above losses through its relationship with the investment fund Archegos Capital Management and with the company of financial services Greensill Capital, the Swiss bank Suisse has announced this March on the despot of high executives, a record of its dividends and the suspension of the payment of benefits to the members of the executive council of this financial group.

Greensill Capital declared in March the principles of March impossibility to make front to his deuds. As part of the activities of this British finance company, it is supported by the licensing agreement for the companies to be able to make payments to the suppliers. Greensill Capital financed its main services to Credit Suisse funds, which were assigned 10,000 million dollars for surgical operations.

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Mientras tanto, the March finals are known for the quiebra of Archegos Capital Management, resulting in miles of millions of dollars in losses for large banks. Credit Suisse is one of the most affected with a estimate of 4,400 million Swiss francs (one 4,700 million dollars). It is predicted that these bankruptcies will provoke in the bank a net loss of approximately 965 million dollars in the first quarter of 2021.

Las medidas adopadas by Credit Suisse

For their reasons, the bank adviser Credit Inversions by Brian Chin, Brian Chin, will leave the cargo on April 30, while the jefa de riesgos, Lara Warner, has resigned from her post this April 6th.

The directive of the Swiss Financial Entity, one of the mayors investment banks of the world, also decided to reduce to 0.10 francs on the dividend payout ratio. Además, se han eliminated the bonuses that its executives have been recruited on a base basis since the banking year 2020, as well as the payment of the premiums in accordance with the prospective return during the period 2021-2023.

For its part, the president of the Credit Suisse directive has rewarded with his personal bonus of 1.6 million dollars.

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