Managing directors and directors in most locations will be paid the cash component of their variable 2022 compensation straight away, the news agency said, as the under-fire Swiss bank battles to hang on to valued staff.

A spokesperson for the bank declined to comment.

Credit Suisse has been battered by mishaps, including a $5.5 billion loss on U.S. investment firm Archegos, and 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.

(Reporting by John Stonestreet, editing by Rachel More)