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Credit Suisse to pay Sfr2.07bn in stock as '04 bonus

Credit Suisse said yesterday it will pay out roughly 38 million shares as bonus pay for 2004, which translates to nearly Sfr2.07bn (€1.45bn), based on the stock's most recent closing price.

Credit Suisse made the announcement because the instruments - performance incentive plans, or PIPs - vest and will be paid out April 20.

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