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Credit Suisse makes 4b franc cash call in move to shore up capital
While decision eases immediate concerns, some wonder if CS will raise more capital
The bank reported its highest quarterly profit since a sweeping restructuring launched by CEO Tidjane Thiam.
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
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