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Credit Suisse to make capital hike decision after AGM: report

April 23, 2017 ZURICH (Reuters) – Credit Suisse will not decide on how it wants to raise fresh capital until after this week’s annual general meeting, SonntagsZeitung reported on Sunday. The Swiss bank is considering a quick-fire share sale or listing 20 to 30 percent of its Swiss business in order to raise between 3 and 6 billion Swiss francs ($3-$6 billion) in new capital, the Swiss newspaper said, citing sources close to Chairman Urs Rohner. The newspaper also reported that Rohner expects all the banks’ proposals to be accepted…

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Credit Suisse CEO says to decide on capital raising ‘as soon as possible’

March 28, 2017 HONG KONG (Reuters) – Credit Suisse will make a decision on its capital raising plans “as soon as possible,” its chief executive said on Tuesday, without giving specific details on the timing or the type of fund-raising. Tidjane Thiam, who joined Credit Suisse from British insurer Prudential in mid 2015, gave the comments at a news conference in Hong Kong, where he was present for an investment conference. Last week, Switzerland’s second-biggest bank upped its net loss for last year to 2.71 billion Swiss francs ($2.75 billion)…

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Credit Suisse to transfer Swiss asset management business to new entity

March 2, 2017 ZURICH (Reuters) – Credit Swiss will transfer its Swiss asset management business to a new entity due to begin operations under its own license at the end of March, the bank said on Thursday. “This step will support the delivery of the bank’s strategic objectives,” Credit Suisse said. “It will allow the Switzerland-based Asset Management businesses to exploit their full growth potential both in Switzerland and globally.” (Reporting by John Miller; Editing by Michael Shields) The post Credit Suisse to transfer Swiss asset management business to new…

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