Credit Suisse to plan low bonus pool increase for 2017

Zurich

CREDIT Suisse Group AG, Switzerland's second-largest bank, plans to increase its bonus pool for last year as the lender 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 finalised, 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 per cent. Credit Suisse declined to comment.