Swiss Lower House Backs Ban on Bonuses for Top Bank Managers

Switzerland’s lower house passed a long-mooted bill to ban large banks from paying bonuses to some top managers, a step that reflects popular discontent with the financial sector after the rescue of Credit Suisse Group AG but has uncertain chances of becoming law.

Swiss Lower House Backs Ban on Bonuses for Top Bank Managers

Switzerland’s lower house passed a long-mooted bill to ban large banks from paying bonuses to some top managers, a step that reflects popular discontent with the financial sector after the rescue of Credit Suisse Group AG but has uncertain chances of becoming law.