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Credit Suisse to Pay Bonuses With $5B in Illiquid Assets
Dec 18, 2008 @ 12:00 PM By Kerry Massaro,A story just posted on Bloomberg says that Credit Suisse plans to pay bonuses to directors and managing directors using $5 billion in illiquid assets. The story says, "Credit Suisse Group AG's investment bank has found a new way to reduce the risk of losses from about $5 billion of its most illiquid loans and bonds: using them to pay employees' year-end bonuses."
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