Promises on bonuses and pay hikes will be kept, according to troubled Swiss lender Credit Suisse which is facing uncertainty following its acquisition by UBS.
Payroll arrangements at Credit Suisse, including promised salary boosts, will remain unchanged while bonuses will still be paid on March 24, according to a «Bloomberg» report citing an internal memo. The bank has already paid bonuses in many countries with no expectation of changes in the remaining jurisdictions.
«[T]he merger is expected to close by the end of 2023 and until such time we will continue to operate as close as possible to ‘business as usual’, focused on serving our clients,» Credit Suisse said.
