Global banks are cutting investment banker bonuses

Pedro Gonçalves
clock • 2 min read

Credit Suisse has frozen its investment bank bonus pool for the second year running after a surge in trading revenue in 2019 was offset by a drop in its advisory and capital markets business, as Morgan Stanley and UBS are cutting investment banker bonuses in Asia after deals cooled. The Swiss bank's overall bonus pool for last year will stay level at about SFr3.2bn ($3.3bn) as the board tries to balance a strong increase in group net income with a falling share price in recent years, sources told the FT. Credit Suisse, which has faced a scandal related to spying on senior executives, ...

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