Credit Suisse weighs capital hike, possibility of exiting U.S. market

Thi My Lien Nguyen | Bloomberg | Getty Images

Credit Suisse is sounding out investors for fresh cash, two people familiar with the matter said, approaching them for the fourth time in roughly seven years as it attempts a radical overhaul of its investment bank. started in recent weeks to speak to shareholders about the move, the people said. Various scenarios are under discussion for the investment bank, including the most drastic option of exiting the U.S. market, two sources said.The sources did not say how much cash the bank would seek to raise.

A Credit Suisse spokesperson said: "We have said we will update on progress on our comprehensive strategy review when we announce our third-quarter earnings. It would be premature to comment on any potential outcomes before then." Under restructuring launched under Chairman Axel Lehmann, and previously outlined, the bank envisions shrinking its investment bank to focus even more on its flagship wealth management franchise.Deutsche Bank analysts in August estimated a capital shortfall of at least 4 billion francs, corresponding to about a third of the group's market value.C

Good idea!

Go tell Citadel to leave too

bye bye 👋

Will credit Suisse even survive here?

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Credit Suisse mulling investment bank split into three: reportSwiss bank Credit Suisse is reportedly considering splitting its investment bank into three as part of a new strategy to save itself from years of scandal. Why dont they just liq.
Source: MarketWatch - 🏆 3. / 97 Read more »

Turbulent times call for a bigger, better moat. These 'resilient' companies will help investors get there, says Credit SuisseThe global growth outlook is uncertain as central banks vow to use all their weapons against inflation. What investors need is a solid moat of companies that...
Source: MarketWatch - 🏆 3. / 97 Read more »