Credit Suisse is to give its top bankers shares in a new $5bn fund of illiquid assets in a bold move designed to link pay to the long-term performance of credit markets and limit the bank’s exposure to the securities. The Swiss bank is also considering allowing investors to buy stakes in the same portfolio of leveraged loans and mortgage securities. The assets had been marked down, to an average of 65% of their original value, making it likely they would appreciate in value as credit markets thaw in coming years. But the new structure could face opposition, especially from bankers not involved in mortgages and leveraged loans.

This entry was posted by Gwen Robinson on Friday, December 19th, 2008 at 4:37 and is filed under Uncategorised. Tagged with credit suisse. Edit this entry.