Credit Suisse to Pay More Bonuses in Cash After Share Slump (1)

Credit Suisse Group AG is handing out a bigger portion its bonuses to senior bankers in cash, in an effort to retain talent after a series of scandals weighed on its stock.

Staff making $250,000 or more a year will receive a larger part of their variable compensation upfront, while the amount that’s deferred and usually paid in shares will be reduced, according to a memo seen by Bloomberg and confirmed by the bank. Employees will have to pay back a proportional amount if they leave within three years.

Credit Suisse stock has lost almost 30% over the past year, ...