Banks Credit Suisse must pay 910,000 euros to ex-employee

SDA

13.1.2026 - 21:33

In the first instance, Credit Suisse was ordered to pay damages of 150,000 euros. The new judgment is not yet legally binding. CS, which has since been taken over by UBS, can appeal again to the Court of Cassation. (archive picture)
In the first instance, Credit Suisse was ordered to pay damages of 150,000 euros. The new judgment is not yet legally binding. CS, which has since been taken over by UBS, can appeal again to the Court of Cassation. (archive picture)
Keystone

Credit Suisse has been sentenced in Paris to pay 910,000 euros to a former employee. The ex-trader's promotion and salary increase had been interrupted following the announcement of her pregnancy.

Keystone-SDA

This was the finding of the Court of Appeal on Tuesday in a judgment obtained by the AFP news agency.

In detail, Credit Suisse was ordered to pay "900,000 euros in damages for the economic loss caused by the discrimination" and 10,000 euros in "damages for the immaterial loss", according to the statement. The plaintiff felt discriminated against "on the basis of her gender, her maternity and her status as a mother".

The woman had been hired by Credit Suisse in 2009 as a "Vice President" in the French branch of Credit Suisse in the United Kingdom (Great Britain and Northern Ireland). In 2012, she asked to be promoted to "Director" and in 2014 she announced her pregnancy.

The bank never responded to her request for promotion. After several maternity leaves, the employee finally signed a mutually agreed termination in June 2016.

At first instance, Credit Suisse was ordered to pay damages of 150,000 euros. The new judgment is not yet legally binding. CS, which has since been taken over by UBS, can appeal again to the Court of Cassation.