ECHOS - Les Echos

Credit Suisse Ordered to Pay 910,000 Euros for Gender Discrimination Credit Suisse has been ordered by the Paris Court of Appeal to pay over 910,000 euros in damages to a former female trader for gender discrimination, marking a record for an individual case. Employed from 2009 to 2016, the woman alleged discrimination due to her gender, maternity, and motherhood, citing lack of salary progression and demotion following her pregnancy. The court recognized systemic gender discrimination within the company. The decision may be appealed, and highlights ongoing issues of gender discrimination in the banking sector. Credit Suisse was acquired by UBS in 2023.