Credit Suisse Raises $4.3 Billion Capital After Wild Ride
Credit Suisse Group AG completed a 4 billion-franc ($4.3 billion), two-pronged capital increase, giving Chief Executive Officer Ulrich Koerner the funds needed to embark on a comprehensive restructuring of the troubled lender.
Investors agreed to buy 98.2% of the stock on sale in a rights offer to raise 2.24 billion francs, Credit Suisse said in a statement late Thursday. The remainder of the stock will be sold in the market at or above the offer price of 2.52 francs a share.……
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