TechLife Chronicle

  Credit Suisse Staff to Receive Bonuses Despite Merger with UBS Credit Suisse staff have been assured that their bonuses will still be paid despite the merger with UBS. The bank has issued two internal memos addressing concerns from employees following the announcement of the merger. According to Bloomberg, the memos state that there will be no changes to payroll arrangements and that employees will still receive their salaries and bonuses as previously communicated. The bonuses for work done in 2023 will also be paid as planned. The merger, which was brokered by the Swiss government, comes after Credit Suisse's share price took a hit last week due to concerns over the collapse of several US banks. The bank's outflows have been increasing over the past few months, and investors fear that the crisis could spread and cause a global financial crisis. Despite the uncertainty caused by the merger and the current crisis in the banking sector, Credit Suisse has assured staff that the...