Credit Suisse makes 4b franc cash call in move to shore up capital

Zurich

CREDIT Suisse will raise around 4 billion Swiss francs (S$5.6 billion) from its shareholders, the embattled bank said on Wednesday, trying to close the gap in financial strength with rivals.

The bank said the decision, which saw management ditch an alternative plan to publicly list part of its Swiss business, should remove any concerns over the group's capital strength.