Credit Suisse Retention Award Depends on 70% Jump in Stock Price

The worst bonus year for Credit Suisse Group AG bankers in more than a decade has them hanging their hopes on a 70% jump in the stock price.

The annual bonus pool plunged 50% to 1 billion francs after 2022 brought a loss that wiped out a decade’s worth of profit. To cushion the blow, Credit Suisse separately handed about 500 senior staffers a so-called transformation award worth up to 350 million francs ($383 million). That only pays out if it can meet key targets of its turnaround over coming years.