Credit Suisse axes top executives and bonuses amid huge losses
Credit Suisse sacks two key executives and cuts bonuses amid the fallout from two of its major business relationships.
Credit Suisse replaced two key executives and cut bonuses amid the fallout from two major business relationships. Greensill Capital and hedge fund Archegos Capital Management, which were linked to the Swiss banking giant, imploded in recent weeks with major losses. Peter Hody from Finnews.com in Zurich gives his insight on Credit Suisse and its involvement. Also in the programme, we hear how the European Union has approved almost $5 billion in French government aid for Air France which, like many airlines, is struggling with the impact of the pandemic. Plus, could non-fungible tokens or NFT redefine what we think of as art or is it just the latest crypto fad? The Βι¶ΉΤΌΕΔ’s Manuela Saragosa tells us what happens when the world of crypto currencies and art world collide. And the rich are getting richer according to Forbes' latest 'billionaires list' - we hear from Kerry Dolan, Assistant Managing Editor of Wealth at Forbes.
(Photo: A sign of Swiss banking Credit Suisse on their Zurich headquarters / Credit: Fabrice COFFRINI / AFP / Getty Images)
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- Tue 6 Apr 2021 21:32GMTΒι¶ΉΤΌΕΔ World Service Europe and the Middle East