C Suisse says it's evaluating all options ahead of strategy announcement

Iphone Calculator

Speculation grows about the planned reorganisation.

Credit Suisse is evaluating all its options before it announces a new strategy on October 21, the bank said, amid growing speculation that it plans to sell shares to raise capital.

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:

Credit Suisse Says It's Evaluating All Options for Bank

HSBC's Major, Who Called 2014 Bond Rally, Cuts Yield Forecasts

JefferiesAnd the Best Place to Work in the global financial markets 2016 is...

Register for Financial Markets News Alerts