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Federal court stops bonuses for ex-Credit Suisse managers! What now?
Federal court stops bonuses for former Credit Suisse managers as Nvidia reaches market value of over $4 trillion.
Federal court stops bonuses for ex-Credit Suisse managers! What now?
The Federal Court has temporarily stopped the payment of bonuses to former Credit Suisse managers. This is a consequence of the decision of the Federal Administrative Court, which found on March 31, 2025 that the cancellation of the bonuses was unlawful. On May 23, 2023, the Finance Department cut the variable remuneration of around 1,000 former Credit Suisse managers on behalf of the Federal Council. The affected managers at the top three levels had to forfeit between 25 and 100 percent of their variable remuneration, which amounted to a total of 62 million francs. The approval of the requests from UBS and the federal government to postpone the bonus payments shows the complexity of the proceedings, which are now before the Federal Court and must be clarified there.
But the situation surrounding Credit Suisse raises questions about the legal framework for bonus payments. According to the report by Manager Magazine The withdrawal of the bonuses was a reaction to the crisis in which the institute found itself. However, the final resolution of the case could set numerous precedents for future compensation in the financial industry.
The economic context
In another economic highlight, Nvidia became the first company in the world to reach a market value of over four trillion dollars. The share price rose by up to 2.8 percent to $164.42 on July 9, 2023. Nvidia's chip systems enjoy global demand, particularly for artificial intelligence applications. The company's huge success puts it well above other tech giants, with Microsoft following at $3.75 trillion and Apple at $3.1 trillion.
In another area of the financial markets, Italy's Unicredit has increased its influence over Commerzbank. Unicredit has doubled its shareholding from just under 10 percent to around 20 percent. With this increase, Unicredit has taken over the role of Commerzbank's largest shareholder, while the federal government, which was previously the main shareholder, still holds a good 12 percent of the shares. Unicredit boss Andrea Orcel has brought possible takeover offers into play, which could create additional dynamics on the market. The Federal Cartel Office has already given the green light for a potential takeover.