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Credit Suisse set to roll out new retention bonuses for UK dealmakers

Swiss lender looks to secure key staff in Europe and London ahead of another major overhaul to its investment bank

Credit Suisse paid out CHF289m ($295m) to retain key employees within its investment bank
Credit Suisse paid out CHF289m ($295m) to retain key employees within its investment bank Photo: Getty Images

Credit Suisse is set to extend retention bonuses to a select band of senior dealmakers in London in a bid to stem defections as it embarks on a fresh cost-cutting programme.

The Swiss bank will pay dealmakers in Europe and the UK additional bonuses in the coming weeks, according to people familiar with the matter, after irking bankers in the region by only offering the payouts to employees in the US and Asia.

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