Finance
Credit Suisse Paying Bonuses to Staff UBS Sees as Key for Combined Bank
- Credit Suisse, UBS worked to identify list of critical staff
- Small group of senior staff to get cash, UBS-share awards
Photographer: Angus Mordant/Bloomberg
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Credit Suisse Group AG is handing out retention bonuses to staff whom UBS Group AG sees as critical for the future of the combined bank.
Credit Suisse, in consultation with UBS, has identified a list of employees seen as crucial to both preserving businesses until the deal is done, but also for a smooth combination once they are able to begin integration, people familiar with the matter said.