Two more firms said to be reviewing junior banker pay

Credit Suisse and Deutsche Bank are reviewing junior bankers’ pay in the latest move by investment banks to boost salaries following public and regulatory pressure to reduce lavish bonuses.

The Financial Times reports that Credit Suisse has in recent weeks increased pay for some of its most junior grades while Deutsche is reviewing salaries for its analysts, associates and vice-presidents, according to people familiar with the situation.

Deutsche Bank is reviewing pay for its three most junior ranks, a person familiar with the situation said. He would not comment on the timing of the review, which is being carried out across the bank’s global operations.

Hit the link below to access the complete Financial Times article:

Credit Suisse and Deutsche Bank review junior bankers’ pay

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