New Credit Suisse CEO may need to raise cash

Tidjane Thiam

Speculation that incoming CEO Chief Executive Tidjane Thiam could have to raise cash to boost the bank's balance sheet overshadowed a forecast-beating increase in first-quarter net profit on Tuesday.

Reuters reports that tough new rules on risk and a surging Swiss franc weakened Credit Suisse's cushion against future losses in the first quarter.

With regulators still working on capital requirements for banks' trading operations, there are potential headwinds to come.

Some analysts see Thiam adopting a twin-track approach of shrinking the capital-intensive investment bank coupled with a call for fresh funds to protect Credit Suisse's dividend.

To access the complete Reuters article hit the link below:

Capital concerns take shine off Credit Suisse's profit rise

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