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Credit Suisse irks European bankers with retention bonuses targeting key US, Asia staff

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fnlondon.com

Credit Suisse has irked dealmakers in Europe by offering new, lucrative retention packages only to bankers in the US and Asia.The Swiss bank is rolling out a new round of bonuses to key staff to prevent a raft of defections as it continues to overhaul its strategy in the wake of a quarterly loss of $1.7bn in the three months to the end of June.While...

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