European banks pay bigger slice of bonuses upfront

London

EMPLOYEES at the biggest European firms will get a bigger piece of their 2015 bonuses in upfront cash. Some will have to wait even longer than before to get the whole amount.

Lenders including Credit Suisse Group AG and UBS Group AG are deferring a smaller portion of incentive compensation as they seek to lower expenses in future years. Deutsche Bank AG is extending its deferral period from three to four years for all employees after posting a loss in 2015, while Barclays plc's deputy chairman said he'd like to see that wait climb to as long as a decade.