Bloomberg - Top firm won't pay big bonus increases for 2017, but pot likely to be bigger

The onus is on your bonus.

Bloomberg News reports that Credit Suisse plans to increase its bonus pool for last year as the bank makes progress on its three-year restructuring plan, two people familiar with the plans said.

The pool may increase by a low single-digit percentage, but is yet to be finalized, said one of the people, who asked not to be identified as the matter is private. Swiss newspaper Schweiz am Wochenende earlier reported that the pool would probably increase by about 10%. Credit Suisse declined to comment.

The bank is entering a final year of restructuring to focus on wealth management and investment-banking advisory services, reducing its reliance on trading-related businesses. CEO Tidjane Thiam, who agreed to accept a lower bonus for 2016, in November said that bankers shouldn’t expect a big raise for 2017 as Credit Suisse emerges from two years of restructuring and cost cuts.

Credit Suisse Plans Low Bonus Pool Increase for 2017

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