Credit Suisse Unveils Plans To Raise $6.3 Billion Fresh Capital

21OctOctober 21, 2015

Credit Suisse Unveils Plans To Raise $6.3 Billion Fresh Capital

Credit Suisse announced plans on Wednesday to raise SFr6.05 billion ($6.3 billion) fresh capital and cut costs, as the Swiss bank recently delivered a disappointing set of quarterly results.

The bank also announced that it would restructure its investment bank significantly to trim the amount of capital allocated to the business.

Credit Suisse to launch $6.3billion fresh capital issue
The Zurich-based bank

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Author

Mani

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

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