Financial Times FT.com

On Wall Street: Don’t look a CS fund gift card in the mouth

By Aline van Duyn

Published: December 19 2008 23:09 | Last updated: December 19 2008 23:09

With little cash to give, banks are resorting to alternative gifts this season.

Thousands of Credit Suisse bankers have been given a type of gift card. Except, unlike most gift cards, it cannot be used immediately. It is also unclear what its eventual value will be – it could be worth billions of dollars, or it may be worth a fraction of that.

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