Frank Quattrone may be entitled to more than $100m of deferred compensation from Credit Suisse after being conditionally cleared of charges that he obstructed an investigation into Wall Street practices during the internet bubble.

Mr Quattrone agreed to resign from the investment bank in 2003, two days after being charged, on condition that he would get the money and his legal costs if cleared. On Tuesday, a judge approved a “deferred prosecution” agreement under which the charges will be dropped if Mr Quattrone stays out of trouble for a year.