Speculation grows about the planned reorganisation.
Bloomberg News reports that the bank’s shares fell 3.6% in Zurich trading on Thursday after the Financial Times reported it was preparing a 'substantial' equity issue. The bank would use the fresh funds to absorb losses caused by a planned reorganization, the newspaper reported, citing people familiar with the matter.
'We have noted today’s media speculation regarding our capital position and our October 21, 2015 investor day', the bank said after the market closed. 'We are conducting a thorough assessment of Credit Suisse’s strategy, evaluating all options for the group, its businesses and its capital usage and requirements'.
To access the complete Bloomberg News article hit the link below: