Finance
Credit Agricole Said to Boost CIB Bonus Pool By More Than 10%
- Lender’s trading staff saw bigger increase than other teams
- Other European banks are expected to cut bonus pools
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Credit Agricole SA increased the bonus pool for its corporate and investment bank by more than 10% after the unit bucked a trend of weaker revenue at many of its rivals last year.
Fixed-income traders, who outperformed peers throughout 2023, saw stronger gains than other teams in the unit, according to people familiar with the decision who asked for anonymity discussing internal matters.