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Restructuring expenses | 12 Months Ended
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Dec. 31, 2023
Restructuring, Impairment, and Other Activities Disclosure [Text Block] | 12 Restructuring expenses In June 2023, the Bank terminated certain strategic actions announced on October 27, 2022, due to the acquisition of Credit Suisse Group AG by UBS. Further, the Bank completed the restructuring program announced on November 4, 2021, at the end of September 2022 and the restructuring program announced in July 2020 closed at the end of June 2021. The Bank recorded restructuring expenses of CHF 393 million, CHF 467 million and CHF 113 million in 2023, 2022 and 2021, respectively. Restructuring expenses may include severance expenses, other personnel-related charges, pension expenses and contract termination costs. Restructuring expenses by segment
in |  | 2023 |  | 2022 |  | 2021 |
Restructuring expenses by segment (CHF million)
Wealth Management |  | 46 |  | 96 |  | 16 |
Swiss Bank |  | 36 |  | 22 |  | 11 |
Asset Management |  | 6 |  | 16 |  | 3 |
Non-core and Legacy (including Investment Bank) |  | 288 |  | 350 |  | 75 |
Corporate Center |  | 48 |  | 49 |  | (2) |
Adjustments 1 |  | (31) |  | (66) |  | 10 |
Total restructuring expenses |  | 393 |  | 467 |  | 113 |
1 Adjustments represent certain consolidating entries, including those relating to entities that are managed but are not owned or wholly owned by the Bank.
Restructuring expenses by type
in |  | 2023 |  | 2022 |  | 2021 |
Restructuring expenses by type (CHF million)
Compensation and benefits-related expenses |  | 161 |  | 350 |  | 45 |
of which severance expenses |  | 88 |  | 150 |  | 26 |
of which accelerated deferred compensation |  | 66 |  | 191 |  | 19 |
General and administrative-related expenses |  | 232 |  | 117 |  | 68 |
of which pension expenses |  | 15 |  | 8 |  | 4 |
Total restructuring expenses |  | 393 |  | 467 |  | 113 |
Restructuring liabilities
|  | 2023 |  | 2022 |  | 2021 |
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 |  | 114 |  | 0 |  | 114 |  | 19 |  | 0 |  | 19 |  | 47 |  | 2 |  | 49 |
Net additional charges 1 |  | 88 |  | 119 |  | 207 |  | 150 |  | 73 |  | 223 |  | 26 |  | 32 |  | 58 |
Reclassifications |  | – |  | – |  | – |  | – |  | – |  | – |  | (22) |  | (3) |  | (25) | 2
Utilization |  | (187) |  | (119) |  | (306) |  | (55) |  | (73) |  | (128) |  | (32) |  | (31) |  | (63) |
Balance at end of period |  | 15 |  | 0 |  | 15 |  | 114 |  | 0 |  | 114 |  | 19 |  | 0 |  | 19 |
1 The following items for which expense accretion was accelerated in 2023, 2022 and 2021 due to the restructuring of the Bank were not included in the restructuring liabilities: unsettled share-based compensation of CHF 11 million, CHF 94 million and CHF 13 million, respectively, which remained classified as a component of total shareholders' equity; other personnel-related charges of CHF 63 million, CHF 106 million and CHF 7 million, respectively, which remained classified as compensation liabilities; unsettled pension obligations of CHF 15 million, CHF 8 million and CHF 4 million, respectively, which remained classified as pension liabilities; and accelerated accumulated depreciation and impairment of CHF 97 million, CHF 36 million and CHF 31 million, respectively, which remained classified as premises and equipment. The settlement date for the unsettled share-based compensation remained unchanged at three years.
2 Reclassified within other liabilities.

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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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Period Type: | duration