Hey, bankers! Got a bunch illiquid, crappy assets weighing your balance sheet down?
Here's a novel idea: Give them to your employees as a bonus. It's better than nothing, right?
That's Credit Suisse's idea, anyway, and kudos to them for solving two seemingly insurmountable problems with one swift move. Bloomberg reports that Credit Suisse will use $5 billion in illiquid debt to pay its top employee's bonuses this year.
CLICK HERE TO READ MORE=>
