Credit Suisse First Boston bankers will receive bigger bonuses than they expected after the bank promised to increase the bonus pool in its investment banking division in line with rivals – even though CSFB failed to keep up with them last year.
At a meeting last week in New York, Brian Finn, president of CSFB, told investment bankers that the bonus pool would be increased this year in line with the rest of Wall Street, according to a senior source in the division.