News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Investment Banking

Credit Suisse hikes pay for key employees to $1.4m as bonus pool shrinks 50%

Key employees, known as material risk takers and controllers — staff whose actions can impact the risk profile of the bank — received average total compensation of CHF1.3m last year

A Credit Suisse office in New York
A Credit Suisse office in New York Photo: Stephanie Keith/Getty Images

Get FN's Investment Banking newsletter for the latest news and insights

Credit Suisse increased payments for key staff to an average of CHF1.3m ($1.4m) in 2022, while slashing its overall bonus pool by 50% as it rolled out retention awards to a bigger number of employees in its investment bank.

WSJ Logo