Federal Department Of Finance Issued An Order Cancelling Or Reducing Outstanding Variable Remuneration Of Top Levels Of Management At Credit Suisse
Portfolio Pulse from Benzinga Newsdesk
The Federal Department of Finance has issued an order to cancel or reduce outstanding variable remuneration for top management at Credit Suisse, according to Reuters.
May 23, 2023 | 3:12 pm
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Credit Suisse's top management may face cancellation or reduction of outstanding variable remuneration due to an order from the Federal Department of Finance.
The order from the Federal Department of Finance directly targets Credit Suisse's top management, which may lead to a negative impact on the company's stock price. Investors may perceive this as a sign of regulatory scrutiny and potential issues within the company's management, leading to a decrease in stock price in the short term.
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