Credit Suisse Expands Bonus Program in Bid to Secure Talent

[kreslik.news]

Despite Credit Suisse seeing a sizable -$2.4 billion loss in 2016, the group has opted to expand its bonus pool at a time when the industry seems to be contracting. The lender announced a bonus pool expansion of 6.0 percent, a move that clearly is running counter to the strategy being deployed by other banks presently.

Credit Suisse recently made headlines for further rounds of cuts – these losses were restricted to jobs in its Asian equities desks, as well as another 5,500 positions forthcoming. These announcements also followed the loss, which cast a shadow on its ... (read more)