Credit Suisse Offers Bankers Bonuses to Stay as Defections Mount
- Retention payments going to some senior investment bankers
- Credit Suisse has been hit by string of high-profile losses
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Credit Suisse Group AG is handing selective payments to senior bankers to curb a growing exodus of executives after recent scandals, including the collapse of Archegos Capital Management, hurt stock-based rewards.
The Zurich-based bank is offering retention bonuses to some managing directors and other senior staff in the investment bank, according to people familiar with the matter. The process is being managed discreetly to avoid divisions within businesses where some are receiving payouts and others nothing, the people said.