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    Home > Finance > Swiss to appeal decision on Credit Suisse bonus payments
    Finance

    Swiss to appeal decision on Credit Suisse bonus payments

    Published by Global Banking & Finance Review®

    Posted on May 23, 2025

    1 min read

    Last updated: January 23, 2026

    Swiss to appeal decision on Credit Suisse bonus payments - Finance news and analysis from Global Banking & Finance Review
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    Tags:Compensationmanagementfinancial crisis

    Quick Summary

    The Swiss government will appeal a court ruling that deemed the reduction of Credit Suisse executive bonuses unlawful, following the bank's takeover by UBS.

    Swiss Government to Challenge Ruling on Credit Suisse Executive Bonuses

    BERLIN (Reuters) -The Swiss government on Friday announced it will appeal a court decision that found the reduction or cancellation of variable bonus payments for former members of failed banking giant Credit Suisse management was unlawful.

    Credit Suisse collapsed in March 2023 and was taken over by its longstanding rival UBS in an operation orchestrated by Swiss authorities.

    Acting upon the government's instructions, the finance ministry in May 2023 ordered Credit Suisse to reduce or scrap outstanding bonus payments for the bank's bosses.

    The finance ministry now said that the Federal Administrative Court's interpretation of the legal basis in its decision last week "failed to take key aspects into account, in particular by not considering the exceptional circumstances leading up to the takeover of Credit Suisse, which the legislator would not have been able to foresee".

    (Reporting by Thomas Seythal; editing by Matthias Williams)

    Key Takeaways

    • •Swiss government to appeal court decision on Credit Suisse bonuses.
    • •Court ruled against reducing or canceling executive bonuses.
    • •Credit Suisse was taken over by UBS in March 2023.
    • •Swiss finance ministry ordered bonus reductions in May 2023.
    • •Government argues court overlooked exceptional circumstances.

    Frequently Asked Questions about Swiss to appeal decision on Credit Suisse bonus payments

    1What decision is the Swiss government appealing?

    The Swiss government is appealing a court decision regarding the reduction or cancellation of variable bonus payments for former members of Credit Suisse.

    2When did Credit Suisse collapse?

    Credit Suisse collapsed in March 2023 and was subsequently taken over by UBS.

    3What actions did the finance ministry take regarding bonuses?

    In May 2023, the finance ministry ordered Credit Suisse to reduce or eliminate outstanding bonus payments for the bank's executives.

    4What was the court's interpretation criticized by the finance ministry?

    The finance ministry criticized the Federal Administrative Court's interpretation for failing to consider key aspects of the case.

    5Who reported on this issue?

    The article was reported by Thomas Seythal and edited by Matthias Williams.

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