Investment banking staff at Credit Suisse earned on average roughly Sfr1,000 (€664.2) a day last year in compensation and benefits, more than a quarter lower than the previous year, as the Swiss bank cut back on bonus payments after the division swung to a Sfr14.2bn full-year pre-tax loss.

The compensation and benefits bill at Credit Suisse's investment bank amounted to Sfr7.2bn last year, implying the division's 19,700 staff at year-end earned an average Sfr364,315.