Credit Suisse Mulls 50% Bonus Pool Cut After Losses

The video discusses Credit Suisse's challenging year, marked by restructuring, capital raises, and significant outflows in its wealth management division. The bank faces difficulties in retaining top talent due to brand toxicity and financial constraints, leading to selective bonus distribution to key bankers while others face cuts or no bonuses.

In what ways are Credit Suisse's bonuses being affected by its financial situation?

What does the term 'cherry picking' refer to in the context of Credit Suisse's retention bonuses?