7 Best Christmas Tree Stands in 2022

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Believe it or not, a Christmas tree won't stay upright on its own. Instead, you need a stable Christmas tree stand that can accommodate the type and size of tree you have. We researched dozens of the best Christmas tree stands to help you find the right one for your needs, whether you have a real tree, an artificial tree, a small tree, or a behemoth. The stands in our guide have a track record of durability, performance, and easy setup. We also outline the size and type of tree each stand is meant for. Check out our guide to the best Christmas tree skirts once you've chosen the right stand for your tree. The best Christmas tree stands in 2022 Best Christmas tree stand overall: Krinner Tree Genie Christmas Tree Stand, available at Amazon, $82.79 The German-engineered Krinner Tree Genie Christmas Tree Stand is easy to set up in a couple of minutes and keeps trees up to 12 f...

Credit Suisse reportedly considering 50% cut to its 2022 bonus pool

A Credit Suisse bank in Geneva, Switzerland, on June 9, 2022.DENIS BALIBOUSE/Reuters

Credit Suisse is considering a 50 per cent cut to its 2022 bonus pool, Bloomberg News reported on Wednesday, as the Swiss bank presses on with efforts to revive its fortunes after a series of scandals and heavy losses.

The bank, whose shares were trading up 2.03 per cent to 3.120 Swiss francs at 1101 GMT, declined to comment on the report. The European Stoxx 600 banks index was up 0.15 per cent.

Credit Suisse CS-N, which in November flagged a fourth quarter pretax loss of up to 1.5 billion Swiss francs ($1.58-billion), cut its 2021 bonus pool by 32 per cent after a loss for that year.

Chopping that in half again for 2022 would put the Swiss bank at the sharp end of expected industry-wide bonus cuts of between 30 per cent and 50 per cent in London and New York, according to recruiters canvassed by Reuters.

They said the drop is a consequence of last year’s sharp slowdown in mergers and stock offerings as debt financing markets collapsed and stock market volatility hurt valuations.

Credit Suisse’s variable compensation pool for 2021 – at a time when the industry as a whole was handing out the biggest awards since 2006 as the economy roared back from COVID-19 – fell to 2 billion Swiss francs ($2.17-billion) as the bank cut regular deferred awards but sweetened pay for senior bankers Bloomberg, citing people familiar with the matter, said outcomes for 2022 were likely to diverge widely, with some employees likely to receive no bonus at all. Discussions were, however, not yet finalized and could still change, it added.

Credit Suisse has been battered by mishaps, including a $5.5-billion loss on U.S. investment firm Archegos. It also had to freeze $10-billion worth of supply chain finance funds linked to insolvent British financier Greensill.

Last month it successfully completed the final part of a 4 billion Swiss franc ($4.28-billion) fundraising and said its liquidity levels had been boosted.

https://www.tausiinsider.com/credit-suisse-reportedly-considering-50-cut-to-its-2022-bonus-pool/?feed_id=325298&_unique_id=63f5a874523d6

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