Credit Suisse is sounding out investors for fresh cash and considering exiting the U.S. market as it attempts a radical overhaul of its investment bank.
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
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
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.
Consulte Mais informação »
USD/IDR: BI to eventually shift its intervention level higher to 15,500 – Credit SuisseUSD/IDR has continued to push higher in tandem with US yields. Economists at Credit Suisse raise their USD/IDR forecast range to 14,800-15,500 (from 1
Consulte Mais informação »
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...
Consulte Mais informação »
More Americans Take on Credit Card Debt amid Skyrocketing InflationAs Biden's catastrophic inflationary economy crushes working families, more Americans are taking on credit card debt to afford basic necessities.
Consulte Mais informação »
Kia plans to build EVs in the US to comply with new federal tax creditThe Inflation Reduction Act affects other EV automakers as well.
Consulte Mais informação »
Interest rates and inflation are leading to more credit card debt for HoosiersRising interest rates coupled with high inflation — are forcing more Americans to reach for the plastic when it comes to paying for things, but it all comes with a warning.
Consulte Mais informação »