Bank Watch, page-213

Now the boss of Credit Suisse is calling the Brits a bunch of uneducated morons for leaving the EU while at the same time tripling special bonus payouts to staff at the company. I won't post Suisses' abysmal share price chart because we've all seen it, but I would have thought bonuses are for good performance not the other way around. Maybe they are filling their pockets before the ship goes down (no risk of this according to the boss though) or the staff are demanding three times the bonus just to work for such a defunct organisation. Eshmun

Credit Suisse CEO blames Brexit on low UK education spending

http://www.reuters.com/article/us-britain-eu-creditsuisse-idUSKCN0ZJ0MV

"I was watching the march in London on Saturday, which I welcome. But I would have liked to say to them: 'how many of you would accept to pay more taxes?" he said.

"It's all well and good to have big signs and protest against the 'Leave' vote. But it would be another story if you started having a discussion about creating more solidarity."

Thiam said those with the lowest educational attainment were more likely to back Brexit.

"That's the price paid for a chronic lack of investment in education," Thiam said.



"Something must be done at the national level so there aren't so many people left behind that the result of a national, democratic vote gives a result which is bad for the country in the medium term," he said.

Thiam Says Credit Suisse Won’t Be Dismantled or Sold

http://www.bloomberg.com/news/artic...ays-credit-suisse-won-t-be-dismantled-or-sold

"Credit Suisse is down 51 percent so far this year, the most among a group of global investment banks tracked by Bloomberg Intelligence. Shares closed at 10.53 Swiss francs ($10.82) on July 1, valuing the bank at 22 billion francs."