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Fortune
Fortune
Nicholas Gordon

Swiss order Credit Suisse to suspend paying some bonuses

The Credit Suisse logo on a window (Credit: Stefan Wermuth—Bloomberg via Getty Images)

After Credit Suisse announced that its rival UBS would acquire the Swiss lender for $3.2 billion, the bank wrote a memo to employees promising that nothing had changed in the short term.

The bank wrote that there would be “no changes” to payroll, and it would pay outstanding salary and bonuses as previously promised.

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