Credit Suisse to Pay Upfront Bonuses

The transcript discusses the departure of an ex-banker from Credit Suisse and the bank's response by reintroducing a compensation and award system to retain key staff. This measure was initially introduced last year due to many senior departures in 2022. The bank aims to incentivize and motivate its staff to stay during its ongoing revamp.

What was the reasoning behind Credit Suisse reintroducing the compensation and award system?

What measures were introduced by Credit Suisse to address senior departures in 2022?

What challenges is Credit Suisse facing during its revamp?

How does the compensation system help Credit Suisse retain key staff?

In what way does the bank ensure that staff are motivated to stay?