Original version

BBC World Service Online

World Business Report

Factual: Money

The latest business and finance news from around the world, on the BBC

The latest business and finance news from around the world, on the BBC.

BBC World Service schedule for American satellite radio and the Caribbean

BBC World Service Americas and the Caribbean

BBC World Service Australasia

BBC World Service

BBC World Service East and Southern Africa Schedule

BBC World Service East and Southern Africa

BBC World Service News Internet

BBC World Service South Asia

BBC World Service Europe and the Middle East

BBC World Service West and Central Africa Schedule

BBC World Service West and Central Africa

BBC World Service East Asia

World Business Report: First broadcast 06/04/2021 14:32 GMT : Credit Suisse axes top executives and bonuses amid huge losses

Bulletins

Credit Suisse_GettyImages-1231509343.jpg

First broadcast 06/04/2021 14:32 GMT 

First broadcast 06/04/2021 14:32 GMT : Credit Suisse axes top executives and bonuses amid huge losses

Credit Suisse axes top executives and bonuses amid huge losses

BBC World Service - World Business Report, 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 sacks two key executives and cuts bonuses amid the fallout from two of its major business relationships.

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. Perter Hody from Finnews.com in Zurich gives his insight on Credit Suisse and its involvement. Also in the programme, we hear how the European Union has approved almost $5 billion in French government aid for Air France which, like many airlines, is struggling with the impact of the pandemic.  Plus, could non-fungible tokens or NFT redefine what we think of as art or is it just the latest crypto fad? The BBC’s Manuela Saragosa tells us what happens when the world of crypto currencies and art world collide.

(Photo: A sign of Swiss banking Credit Suisse on their Zurich headquarters / Credit: Fabrice COFFRINI / AFP / Getty Images)

Accessibility links

Programme Index

World Business Report

First broadcast 06/04/2021 14:32 GMT : Credit Suisse axes top executives and bonuses amid huge losses

Genres

Formats

Brand

BBC World Service Online

About BBC World Service