In line with its deep restructure program Swiss bank Credit Suisse plans a limited bonus pool increase.
Switzerland's second largest bank is said to be planning a moderate single digit increase in its bonus pool for last year according to a report from «Bloomberg.» Under the leadership of Tidjane Thiam the Zurich based bank has been restructuring to focus on wealth management and investment-banking advisory services.
Late last year Thiam moved to temper his employees anticipation on improved remuneration and potential bonus payments. In April 2017 After being battered by weeks of critical pay headlines, amid opposition from influential shareholder groups to million-franc rewards for top management and board bonuses, Thiam and chairman Urs Rohner relinquished millions in lucrative bonus schemes.
Credit Suisse will report its fourth quarter and full year results on February 14. The recent Trump tax reforms in the U.S. could knock as much as 2.3 billion francs off its quarterly profit. The hit is likely to push the Swiss bank to its third consecutive annual loss.
