Credit Suisse Buys CDS For Derivatives Used For Bonuses
Credit Suisse said that it purchased credit default swaps on derivatives it used as part of bonuses for more than 5,500 employees last year.
Credit Suisse said that it purchased credit default swaps on derivatives it used as part of bonuses for more than 5,500 employees last year. The Swiss bank stated in its first-quarter report that it bought the CDS from a third party, which it did not name.
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