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Credit Suisse Private Bank Bonuses Outpace Rest of Firm

A pedestrian walks by a Credit Suisse Group AG bank branch in Geneva, Switzerland.

A pedestrian walks by a Credit Suisse Group AG bank branch in Geneva, Switzerland.

Photographer: Stefan Wermuth/Bloomberg

Credit Suisse Group AG plans to increase bonus payments for its wealth managers at more than twice the bank average as growth outpaces other businesses, according to people with knowledge of the matter.

The Zurich-based bank’s main wealth management business, led by Iqbal Khan, is seeing a 7 percent increase in the bonus pool from last year, three people familiar said, asking not to be identified as the increases are private. That compares with a gain of about 3 percent across the rest of the bank.