Credit Suisse Is Delaying Compensation Day for Some of Its Bankers
- Some bankers notified that compensation meetings were tabled
- Apollo is said in talks for Credit Suisse First Boston Stake
This article is for subscribers only.
Credit Suisse Group AG is delaying a much-anticipated compensation day for some of its investment bankers, further straining its relationship with employees as it restructures its Wall Street operations, according to people familiar with the matter.
The investment bankers — mainly at managing director or director level — were notified on Monday that meetings set for Tuesday Feb. 7 have been canceled, pushing back conversations on bonuses, said the people, who requested anonymity discussing confidential information. The discussions may be rescheduled in the coming weeks, the people said. The bonuses are typically paid at the end of the month.