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Brady Dougan

SocGen CEO's 2012 bonus rises 75 percent

Societe Generale Chief Executive Frederic Oudea's bonus rose 75 percent last year to 1.2 million euros ($1.56 million), even as France's No. 2 bank moved to cut costs and sell assets.The disclosure follows a rise in pay for Jean-Laurent Bonnafe, the head of larger rival BNP Paribas , whose bonus rose more than 40 percent to 1.68 million euros in 2012 - his first full year as CEO of France's biggest listed bank.It is the latest sign that executive pay at top European banks is on the rise, despite lingering anger from investors and politicians over taxpayer-funded bailouts during the financial crisis.BNP's net income rose 8.3 percent in 2012 to 6.55 billion euros, while SocGen's fell by two-thirds after it booked losses on operations in Russia and from selling assets.Both SocGen and BNP have begun fresh cost-cutting plans as the weak euro zone economy threatens retail profits at home and tougher regulations squeeze corporate and investment banking.French bankers' total pay packages are a...

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  1. Credit Suisse CEO Dougan pay rises by one-third to 7.77 million Sfr

    Pay for Credit Suisse Chief Executive Brady Dougan rose by more than one third to 7.77 million Swiss francs ($8.22 million) in 2012, the Swiss bank said on Friday.Cr...

  2. Credit Suisse CEO plays down impact of EU, Swiss pay curbs

    Credit Suisse chief Brady Dougan does not see major problems from Swiss plans for strict curbs on executive pay, nor is he concerned about warnings of an exodus of b...

  3. For Nordic bosses, joys of home trump top dollar pay

    Executive excess need not be etched in stone. Just look at the Nordic region, where an egalitarian tradition and a high quality of life leave top managers content wi...

  4. Novartis scraps $78 million pay for outgoing chairman Vasella

    Novartis scrapped plans to pay its outgoing chairman Daniel Vasella 72 million Swiss francs ($78 million) to stop him working for rivals, bowing to mounting anger in...

  5. Credit Suisse Returns to Profit in 4Q

    Credit Suisse AG (CS) said Thursday that robust markets and cost savings helped it return to profitability in the fourth quarter, results that underscore the bank's ...

  6. Credit Suisse Returns to Profit

    Credit Suisse AG (CS) said Thursday that robust markets and cost savings helped it return to profitability in the fourth quarter, results that underscore the bank's ...

  7. Credit Suisse boss under pressure despite outsmarting rival

    Credit Suisse boss Brady Dougan has outmaneuvered an internal rival with his recent revamp of the Swiss bank and management shake-up but is still on borrowed time, s...

  8. INTERVIEW: Credit Suisse CEO Says Committed to Integrated Bank

    Credit Suisse AG (CS) has no intention of splitting its wealth-management businesses from the investment bank, Chief Executive Brady Dougan told the Wall Street Jour...

  9. Credit Suisse Revamps Group to Form New Wealth Management Unit

    Credit Suisse Group AG (CS) said Tuesday it will reorganize its business, combining its asset management unit with its Private Bank to form a new wealth management d...

  10. Credit Suisse Stands by Investment Bank, Chairman Says - Report

    Credit Suisse AG (CS) stands by its investment bank, the bank's chairman said in a newspaper interview Friday.Switzerland's second-largest bank by assets has no inte...

  11. Credit Suisse chairman says won't follow UBS fixed income exit: report

    Credit Suisse won't follow Swiss rival UBS in winding down its fixed income business as it has a stronger position in the business, its chairman was quoted as saying...

  12. Credit Suisse , Qatar in Asset-Management Venture

    Credit Suisse Group AG (CS) and Qatar Holding LLC (QTRHLD.YY), a unit of the gas-rich emirate's sovereign-wealth fund are forming an asset-management joint venture.T...

  1. Credit Suisse Stockholders Back Pay, Share Plans

    Credit Suisse Group AG (CS) executives told shareholders Friday that Switzerland's second-largest bank has managed a successful transition to a less risky model and ...

  2. Investment bank lifts Credit Suisse as private bank dips

    Credit Suisse's quarterly earnings beat expectations on Wednesday as a restructuring of its investment bank compensated for a surprising slide in private banking pro...

  3. Credit Suisse Profit Rises Sharply

    Credit Suisse Group AG (CS) Wednesday reported that net profit surged in the first quarter, as the Swiss bank continues to slash costs and fine-tune its investment b...

  4. Credit Suisse first-quarter rises, says on track for 2013 cash dividend

    Credit Suisse said on Wednesday first-quarter net profit rose on the year due in part to its investment bank, and flagged a cash dividend.The Swiss bank's net profit...

  5. Credit Suisse buys Morgan Stanley's European wealth arm

    Credit Suisse is buying Morgan Stanley's wealth management arm in Europe, the Middle East and Africa, acquiring $13 billion in assets in a move to offset exposure to...

  6. Credit Suisse CEO Dougan Can Almost Double Salary in 2013

    Credit Suisse Group (CS) Chief Executive Brady Dougan could almost double his 2012 7.77 million Swiss franc compensation package ($8.25 million) to CHF14.5 million i...

  7. Credit Suisse CEO's Pay Fuels Bonus Debate

    Credit Suisse upped the remuneration of Chief Executive Brady Dougan by one third in 2012, likely adding to public and political dismay over the scale of banker pay ...

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