Business
Junior Credit Suisse bankers to get $US20,000 ‘lifestyle’ bonus – The Australian Financial Review
The banking giant will give more junior bankers an allowance of more than $26,000 as it tries to maintain morale amid the pandemic.
London | Credit Suisse will give more junior members of its capital markets and deal businesses a $US20,000 ($26,380) lifestyle allowance as it tries to maintain morale among staff feeling the strain from heavy workloads and remote working.
Stress among junior bankers has come into focus after a survey by 13 Goldman Sachs first-year analysts highlighting their 95 hour working week went viral. Goldman has responded by saying it will hire more junior bankers and shift staff from other teams to help…
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