
Credit Suisse axes top executives and bonuses amid huge losses
Credit Suisse sacks top executives and cuts bonuses amid fallout from Archegos losses.
Credit Suisse replaced two key executives and cut bonuses amid the fallout from two major business relationships. Greensill Capital and hedge fund Archegos Capital Management, which were linked to the Swiss banking giant, imploded in recent weeks with major losses. Peter Hody from Finews.com in Zurich gives his insight on Credit Suisse and its involvement.
Plus, could non-fungible tokens, or NFTs, redefine what we think of as art or is it just the latest crypto fad? The ÃÛÑ¿´«Ã½â€™s Manuela Saragosa tells us what happens when the world of crypto currencies and art world collide.
Podcast
-
World Business Report
The latest business and finance news from around the world, on the ÃÛÑ¿´«Ã½.