Reuters was the first to report that Credit Suisse is in the early stages of weighing options to bolster its capital after a string of losses has eroded its financial buffers. The size of the increase would be likely to exceed 1 billion Swiss francs, but this has not yet been determined. The cash injection would help Switzerland’s second-biggest bank recover from billions of losses in 2021 and a series of costly legal headaches.
Business & Finance
31 May 2022, 5:32 pm. 1 minute
Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Economy & Policy
Regions: Europe
Countries: Switzerland
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story
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