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Credit Suisse giving $20,000 bonuses, raises

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Credit Suisse bank.

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One Wall Street firm may have found a solution to the unhappiness of overworked junior bankers amid a boom in deal activity: Money.

Credit Suisse executives told mid- and entry-level investment bankers Wednesday that they were getting special $20,000 bonuses in the second quarter, and that people below the managing director level can expect salary increases as well, according to people with knowledge of the changes.

The move from Credit Suisse, a top-ten mergers advisor globally, is Wall Street’s latest attempt to address concerns that junior bankers are overworked and underappreciated during a surge in capital markets activity. Last…



Source cnbc.com

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