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Credit Suisse CEO Brady Dougan reads s message on a Blackberry held by his then head of Investment Banking Paul Colello, at the end of a press conference announcing the bank's results. Not disclosed at the conference were the massive bonuses to be paid out to senior management. Dougan was Europe's highest paid banker in 2009, with a total income of CHF 90 million thanks to bonuses, which were not announced on the day. The Swiss banking industry holds an estimated 4,000 billion Swiss Francs (USD 4,240 billion) in assets, more than half of it foreign, including CHF 880 billion in undeclared European assets alone, benefiting from the country's famous banking secrecy laws.