Credit Suisse Group AG Chairman Axel Lehmann has decided to take a pay cut of 1.5 million Swiss francs ($1.6 million) after the bank failed to meet its financial and non-financial targets—deemed to be one of its worst annual performances since the 2008 financial crisis.

Credit Suisse chairman takes $1.6mn pay cut; bank admits to 'weakness' in reporting procedures

According to a report released earlier today, the Global household wealth in 2021 rose by 9.8% ($463.6 trillion). Additionally, it also indicated that in the next 5 years, the number of millionaires in the world will grow by 40% despite the losses faced and rise in prices faced amid the Russia-Ukraine conflict.

Report: Number of millionaires in India, China to double by 2026

The Express Tribune reported that the with new borrowing the Chinese financial institution's contribution to supporting a strong rupee against the US dollar increased to USD 1 billion in just three months

Pakistan borrows $ 500 million from China

credit-suisse-ag

Credit Suisse Ag, News on Credit Suisse Ag, stories on Credit Suisse Ag, articles on Credit Suisse Ag, Credit Suisse Ag stories at Wion, Credit Suisse Ag news, Credit Suisse Ag latest news

credit suisse-ag

Credit Suisse chairman takes $1.6mn pay cut; bank admits to 'weakness' in reporting procedures

Report: Number of millionaires in India, China to double by 2026

Pakistan borrows $ 500 million from China