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Restructuring expenses | 6 Months Ended
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Jun. 30, 2022
Restructuring, Impairment, and Other Activities Disclosure [Text Block] | 12 Restructuring expenses On November 4, 2021, Credit Suisse announced its new long-term strategic vision. This led to restructuring expenses of CHF 80 million, CHF 46 million, CHF 45 million, CHF 126 million and CHF 70 million in 2Q22, 1Q22, 2Q21, 6M22 and 6M21, respectively. The Group expects to complete the new plan by the end of December 2022. Restructuring expenses may include severance expenses, other personnel-related charges, pension expenses and contract termination costs. Restructuring expenses by type
in |  | 2Q22 |  | 1Q22 |  | 2Q21 |  | 6M22 |  | 6M21 |
Restructuring expenses by type (CHF million)
Compensation and benefits-related expenses |  | 65 |  | 42 |  | 2 |  | 107 |  | 13 |
of which severance expenses |  | 15 |  | 13 |  | (1) |  | 28 |  | 6 |
of which deferred compensation |  | 46 |  | 25 |  | 3 |  | 71 |  | 7 |
General and administrative-related expenses |  | 15 |  | 4 |  | 43 |  | 19 |  | 57 |
of which pension expenses |  | 4 |  | 0 |  | (4) |  | 4 |  | (11) |
Total restructuring expenses |  | 80 |  | 46 |  | 45 |  | 126 |  | 70 |
Restructuring liabilities
|  | 2Q22 |  | 1Q22 |  | 2Q21 |
in |  | Compen- sation and benefits |  | General and administrative expenses |  | Total |  | Compen- sation and benefits |  | General and administrative expenses |  | Total |  | Compen- sation and benefits |  | General and administrative expenses |  | Total |
Restructuring liabilities (CHF million)
Balance at beginning of period |  | 25 |  | 0 |  | 25 |  | 19 |  | 0 |  | 19 |  | 39 |  | 3 |  | 42 |
Net additional charges 1 |  | 15 |  | 10 |  | 25 |  | 13 |  | 4 |  | 17 |  | (1) |  | 26 |  | 25 |
Utilization |  | (10) |  | (10) |  | (20) |  | (7) |  | (4) |  | (11) |  | (16) |  | (26) |  | (42) |
Balance at end of period |  | 30 |  | 0 |  | 30 |  | 25 |  | 0 |  | 25 |  | 22 |  | 3 |  | 25 |
1 The following items for which expense accretion was accelerated in 2Q22, 1Q22 and 2Q21 due to the restructuring of the Group are not included in the restructuring provision: unsettled share-based compensation of CHF 22 million, CHF 8 million and CHF 1 million, respectively, which remain classified as a component of total shareholders' equity; other personnel-related charges of CHF 28 million, CHF 21 million and CHF 2 million, respectively, which remain classified as compensation liabilities; unsettled pension obligations of CHF 4 million, CHF 0 million and CHF (4) million, respectively, which remain classified as pension liabilities; and accelerated accumulated depreciation and impairment of CHF 1 million, CHF 0 million and CHF 21 million, respectively, which remain classified as premises and equipment. The settlement date for the unsettled share-based compensation remains unchanged at three years.
Restructuring liabilities (continued)
|  | 6M22 |  | 6M21 |
in |  | Compen- sation and benefits |  | General and administrative expenses |  | Total |  | Compen- sation and benefits |  | General and administrative expenses |  | Total |
Restructuring liabilities (CHF million)
Balance at beginning of period |  | 19 |  | 0 |  | 19 |  | 50 |  | 2 |  | 52 |
Net additional charges 1 |  | 28 |  | 14 |  | 42 |  | 6 |  | 36 |  | 42 |
Utilization |  | (17) |  | (14) |  | (31) |  | (34) |  | (35) |  | (69) |
Balance at end of period |  | 30 |  | 0 |  | 30 |  | 22 |  | 3 |  | 25 |
1 The following items for which expense accretion was accelerated in 6M22 and 6M21 due to the restructuring of the Group are not included in the restructuring liabilities: unsettled share-based compensation of CHF 30 million and CHF 2 million, respectively, which remain classified as a component of total shareholders' equity; other personnel-related charges of CHF 49 million and CHF 5 million, respectively, which remain classified as compensation liabilities; unsettled pension obligations of CHF 4 million and CHF (11) million, respectively, which remain classified as pension liabilities; and accelerated accumulated depreciation and impairment of CHF 1 million and CHF 32 million, respectively, which remain classified as premises and equipment. The settlement date for the unsettled share-based compensation remains unchanged at three years.
Bank |
Restructuring, Impairment, and Other Activities Disclosure [Text Block] | 12 Restructuring expenses On November 4, 2021, Credit Suisse announced its new long-term strategic vision. This led to restructuring expenses of CHF 120 million 6M22 compared to CHF 80 million in 6M21. The Bank expects to complete the new plan by the end of December 2022. Restructuring expenses may include severance expenses, other personnel-related charges, pension expenses and contract termination costs. Restructuring expenses by type
in |  | 6M22 |  | 6M21 |
Restructuring expenses by type (CHF million)
Compensation and benefits-related expenses |  | 105 |  | 14 |
of which severance expenses |  | 27 |  | 7 |
of which accelerated deferred compensation |  | 70 |  | 7 |
General and administrative-related expenses |  | 15 |  | 66 |
of which pension expenses |  | 1 |  | 4 |
Total restructuring expenses |  | 120 |  | 80 |
Restructuring liabilities
|  | 6M22 |  | 6M21 |
in |  | Compen- sation and benefits |  | General and administrative expenses |  | Total |  | Compen- sation and benefits |  | General and administrative expenses |  | Total |
Restructuring liabilities (CHF million)
Balance at beginning of period |  | 19 |  | 0 |  | 19 |  | 47 |  | 2 |  | 49 |
Net additional charges 1 |  | 27 |  | 13 |  | 40 |  | 7 |  | 30 |  | 37 |
Utilization |  | (17) |  | (13) |  | (30) |  | (32) |  | (29) |  | (61) |
Balance at end of period |  | 29 |  | 0 |  | 29 |  | 22 |  | 3 |  | 25 |
1 The following items for which expense accretion was accelerated in 6M22 and 6M21 due to the restructuring of the Bank are not included in the restructuring provision: unsettled share-based compensation of CHF 30 million and CHF 2 million, respectively, which remain classified as a compenent of total shareholders's equity; other personnel-related charges of CHF 48 million and CHF 5 million, respectively, which remain classified as compensation liabilities; unsettled pension obligations of CHF 1 million and CHF 4 million, which remain classified as pension liabilities; and accelerated accumulated depreciation and impairment of CHF 1 million and CHF 32 million, respectively, which remain classified as premises and equipment. The settlement date for the unsettled share-based compensation remains unchanged at three years.

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- Definition The entire disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets. + References No definition available. + Details
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