Credit Suisse Plans Low Bonus Pool Increase for 2017
- Pool may rise by low single-digit percentage, person says
- CEO Thiam has warned bankers not to expect big pay increases
Photographer: Akos Stiller/Bloomberg
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Credit Suisse Group AG, Switzerland’s second-largest bank, plans to increase its bonus pool for last year as the lender makes progress on its three-year restructuring plan, two people familiar with the plans said.
The pool may increase by a low single-digit percentage, but is yet to be finalized, said one of the people, who asked not to be identified as the matter is private. Swiss newspaper Schweiz am Wochenende earlier reported that the pool would probably increase by about 10 percent. Credit Suisse declined to comment.