Credit Suisse CEO wants to issue billions in CoCo bonds

12/13/2010 | CNBC

Brady Dougan, CEO at Credit Suisse, said he is interested in bolstering the financial strength of the bank by issuing billions of dollars worth of contingent-capital bonds. Dougan also defended the bank's decision to award hundreds of senior employees with one-off payments to avoid a bonus supertax in the UK. He said Credit Suisse needed to reward the employees to prevent rival banks from recruiting them.

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