After big loss, Credit Suisse CEO asks board: Cut my bonus

GENEVA (AP) — The new CEO of Credit Suisse has proposed that its board make a "significant" cut in his bonus after the Swiss bank posted disappointing earnings last week and announced 4,000 job cuts.

An e-mail from Credit Suisse's press office said he proposed the biggest cut among the bank's management team because "I cannot demand sacrifices from others and not make any myself."