Credit Suisse shareholders greenlight $4.2 billion funds raise

Credit Suisse shareholders greenlight .2 billion funds raise

Key Details

The new share supplying will see the Saudi Countrywide Financial institution take a 9.9% stake in Credit score Suisse, building it the bank’s largest shareholder.
Credit score Suisse on Wednesday projected a 1.5 billion Swiss franc ($1.6 billion) reduction for the fourth quarter as it begins its next strategic overhaul in a lot less than a 12 months.

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