Credit Suisse tells staff to go to work as somber mood sets in

By Marion Halftermeyer, Cathy Chan and Max Abelson
Published 5 Min Read

Bloomberg

As the demise of Credit Suisse Group reverberated from Sydney to New York City on Monday, workers were given a clear message: get back to work.

Promised bonuses and pay increases will still be paid after a tumultuous week that ended in the 166 year-old lender being taken over by its largest rival UBS Group, the bank said in a memo to staff that urged them to continue “business as usual.”

Marion Halftermeyer, Cathy Chan and Max Abelson
From Bloomberg News

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