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Credit Suisse has reduced executive bonuses by 40%

Credit Suisse Group AG Chief Executive Tidjane Thiam and other executives offered to reduce their bonuses by 40% and to freeze the compensation for the board of directors that will help to resolve shareholders problem.

Credit Suisse last month announced that the bonus had increased by 6% in 2016, more than 3 billion Swiss francs ($3.1 billion).

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