Credit Suisse Said to Lift Salary, Chop Allowance for Some Staff

  • Bank said to have informed senior U.K. bankers last quarter
  • Other lenders have made similar moves in response to EU rules

Credit Suisse Group AG changed the structure of compensation for some of its senior London bankers, increasing fixed pay while eliminating the so-called allowances that have come under regulatory scrutiny, people familiar with the plan said.

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