NEWS
LONDON (Reuters) – Credit Suisse shares dropped to a record low on Friday after a Reuters report said the company is looking to raise fresh cash.
Credit Suisse has started sounding out investors for a capital hike for the fourth time in seven years as it attempts a radical overhaul of its investment bank, which could include exiting the U.S. market, two sources told Reuters.
Shares in Credit Suisse fell over 7% in early trade to a record low of 4.26 francs.
Including Friday’s move, shares are down over 50% this year and are on track for their worst yearly performance since 2008.
(Reporting by Samuel Indyk; Editing by Dhara Ranasinghe)
-
-
BUSINESS3 days ago
Essential Strategies for Startup Bootstrapping and Financial Management
-
-
-
NEWS3 days ago
Polish central bank reports loss of $5 billion dollars in 2023
-
-
-
TRADING3 days ago
FBS Financial Market Analysts Forecast Gold Prices to Rise to $2,800
-
-
-
NEWS1 day ago
Denso to sell off cross-shareholdings and use proceeds on M&A
-