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
Thu, Apr 27, 2017 - 5:50 AM
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...
Register to read this article. Log in if you are already a subscriber.Register to read this article. Log in if you are already a subscriber.Please log in or subscribe to continue reading.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes