Credit Suisse Group AG is delaying a compensation day for some of its bankers, Bloomberg News reported on Monday, citing people familiar with the matter.
The bankers — mainly at managing director or director levels — were notified on Monday that meetings set for Feb. 7 had been cancelled, pushing back conversations on bonuses, according to the report.
The talks may be rescheduled in the coming weeks.The development comes as Credit Suisse battles mishaps, including a $5.5 billion loss on U.S. investment firm Archegos. It also froze $10 billion worth of supply chain finance funds linked to insolvent British financier Greensill.Latest Updates
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