Financial Times did not cite a source for the percentage that
Thiam's bonus will be cut. The bank did not confirm the
Swiss newspapers on Sunday reported that Thiam had asked for his
bonus to be reduced. Others at the bank are also seeing bonus
"I have asked the board of directors for a significant reduction
in my bonus," Thiam said in a statement. "Within the management
team, the cut is greatest in my case. I cannot demand sacrifices
from others and not make any myself."
The move comes in the wake of Credit Suisse's first loss in
eight years, thousands of job cuts, a $2.6 billion legal
settlement in the United States for helping wealthy people there
evade taxes and other problems.
(Reporting by John Miller; editing by Brenna Hughes Neghaiwi)
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