Credit Suisse stock sinks on restructuring plan
The bank will raise $4 billion to fund a years-long reshaping that includes carving out its investment bank and slashing its head count by 9,000.
Credit Suisse Group AG opted to tap investors for a painful multibillion-dollar capital raise to shore up confidence and fund a years-long reshaping that will carve out its investment bank and slash its headcount by 9,000.
The stock dropped as much as 16% on the firm’s plans to raise $4.1 billi
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