Credit Suisse International's remuneration of its highest paid director a little bit surprising

For the 2012 year, as just reported, Credit Suisse International's remuneration of its highest paid director was US$ 6,652,000 comprising pay, defined cash awards and pensions contributions. Not bad for a bank that made a pre-tax loss for that year of US$359 million and which has only made a profit once in the past 5 years.

Best Remunerating Banks

The top six best remunerating banks, calculated by average remuneration per employee, are all foreign owned. Top is Canadian-owned CIBC World Markets Plc paying an average £552,000 per employee. This is followed by Swiss-owned Credit Suisse International, German-owned D B UK Bank Ltd, then Japanese-owned Nomura Bank International Plc and Mizuho International Plc. Dutch-owned N M Rothschild & Sons Ltd comes in a lowly sixth, but it does come first in the Highest Paid Director league table, paying out £7.8 million to one luck employee!